Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Joint Pension Fund Local 456 Pension Plan

Data updated 2026-08-11

$276M
Total assets: 766
Participants: 96th
Percentile by assets: $360,412
Avg per participant

Official DOL plan name: I.B.E.W. Local 456 Pension Plan · Sponsored by IBEW Joint Pension Fund Local 456 · New Jersey · Construction

$276M in assets, 766 participants

IBEW Joint Pension Fund Local 456's I.B.E.W. Local 456 Pension Plan reported $276M in total assets and 766 participants in its 2023 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

96th percentile by assets (of 127,072 plans)
#8,587 in Construction (9,030 peers)

Where I.B.E.W. Local 456 Pension Plan sits by assets

I.B.E.W. Local 456 Pension Plan sits in the top 5% of all filed plans by assets, $276M for 766 participants (~$360,412/participant), up 13.0% in 2023.

$276M
total plan assets (2023 EOY): 766
covered participants: 96th
percentile by assets (of 127,072 plans): $360,412
avg assets per participant

I.B.E.W. Local 456 Pension Plan reported net income rose from -$43M in the plan year 2022 filing to $30M in the plan year 2023 filing.
I.B.E.W. Local 456 Pension Plan end-of-year assets rose from $244M in the plan year 2022 filing to $276M in the plan year 2023 filing.
I.B.E.W. Local 456 Pension Plan reported participants fell from 807 in the plan year 2022 filing to 766 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

New Jersey

Industry

Construction

I.B.E.W. Local 456 Pension Plan vs the 2023 asset distribution

By assets, I.B.E.W. Local 456 Pension Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.8x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$244M
Net Assets (End of Year)	$273M
Net Income	$30M
Employer EIN	226238995
Plan Effective Date	1956-10-01
Filing Status	FILING RECEIVED

Sponsor Plan History (IBEW Joint Pension Fund Local 456)

Total plan assets by year, all IBEW Joint Pension Fund Local 456 plans on file

Year	Plans	Participants	Total Assets
2022	1	807	$244M
2023	1	766	$276M
2024	1	794	$302M

Nearby Defined Benefit (Pension) Plans in New Jersey

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

I.B.E.W. Local 456 Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants

Retirement Plan of Johnson and Johnson $21.2B · 37,749
JPMorgan Chase Retirement Plan $16.3B · 90,644
Nokia Retirement Income Plan $13.9B · 7,492
The Prudential Merged Retirement Plan $12.2B · 16,230
Verizon Pension Plan for Associates $10.9B · 23,778

Compare I.B.E.W. Local 456 Pension Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to I.B.E.W. Local 456 Pension Plan by total assets, not by location.

Massachusetts Service Employees Pension Plan (MA) $276M · 12,718
Akin Gump Strauss Hauer & Feld Partners' Retirement Plan (TX) $276M · 296
Henkel of America Retirement Plan (CT) $276M · 436
Pernod Ricard USA, LLC Employees' Retirement Plan (NY) $276M · 210

Frequently Asked Questions

How did I.B.E.W. Local 456 Pension Plan assets move in 2023? ▼

I.B.E.W. Local 456 Pension Plan grew at a solid clip - up 13.0% during 2023, from $244M to $276M. Reported net income was $30M.

How have IBEW Joint Pension Fund Local 456 plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), IBEW Joint Pension Fund Local 456's sponsor-wide assets grew 23.5%, from $244M to $302M.

Where does I.B.E.W. Local 456 Pension Plan rank by assets among Form 5500 filers? ▼

I.B.E.W. Local 456 Pension Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to I.B.E.W. Local 456 Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Massachusetts Service Employees Pension Plan in MA ($276M, 12,718 participants).

Next read for I.B.E.W. Local 456 Pension Plan

Scale reading

Ways to act on I.B.E.W. Local 456 Pension Plan's numbers.

By total assets, I.B.E.W. Local 456 Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New Jersey. Compare plans
IBEW Joint Pension Fund Local 456's sponsor-wide assets have grown 23.5% since 2022 across 3 plan years on file. More Construction plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 226238995.