Money Purchase · DOL Form 5500 · 2023
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan Money Purchase Plan
Data updated 2026-08-25
- $379M
- Total assets Above avg plan size
- 2,004
- Participants Near avg headcount
- 97th
- Percentile by assets National rank
- $188,955
- Avg per participant Above avg balance/head
Official DOL plan name: IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan · Sponsored by IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan · Tennessee · Construction
$379M in assets, 2,004 participants
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan's IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan reported $379M in total assets and 2,004 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.
- #8,694 in Construction (9,030 peers)
Where IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan sits by assets
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan sits in the top 5% of all filed plans by assets, $379M for 2,004 participants (~$188,955/participant), up 14.4% in 2023.
- #8,694
- in Construction (9,030 peers)
- +14.4%
- assets growth YoY
- 3.8×
- vs typical plan assets (national mean)
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan's outsized position by total assets
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$378,665,018 Top 3% higher than 97% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan lands in the large band (2,004 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan reported net income rose from -$67M in the plan year 2022 filing to $48M in the plan year 2023 filing.
- IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan end-of-year assets rose from $331M in the plan year 2022 filing to $379M in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 351488049 · IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan PY 2023 · Money Purchase
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan · $379M · 2,004 · 97th
- EBSA $379M
- EBSA 2,004
- EBSA 97th
- EBSA Money Purchase
- EBSA near Aura, Inc. Money Purchase Pension Plan and Trust
- EBSA ind #8694
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Tennessee →
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $331M |
|---|---|
| Net Assets (End of Year) | $379M |
| Net Income | $48M |
| Employer EIN | 351488049 |
| Plan Effective Date | 1979-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan)
Sponsor-wide plan assets over time
All IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan plans reported in each filing year
- Latest sponsor-wide plan assets
- $434M 31.17898570010115% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,999 | $331M |
| 2023 | 1 | 2,004 | $379M |
| 2024 | 1 | 2,070 | $434M |
Nearby Money Purchase Plans in Tennessee
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
- Southern Electrical Retirement Fund $1.9B · 11,228
- U. a. Local Union No. 614 Pension Plan $196M · 1,248
- Midwest Pipe Trades Retirement Plan $190M · 1,501
- IBEW Local Union No. 915 Pension-Annuity Fund $98M · 1,819
- Florida Ubc Supplemental Pension Plan $83M · 6,111
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan's out-of-state Money Purchase peers by assets and headcount
Outside Tennessee, the nearest Money Purchase by assets is Aura, Inc. Money Purchase Pension Plan and Trust in DC ($381M); by covered participants it is Tile Industry Retirement Savings Trust Fund in CA (2,014 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($379M here).
- Aura, Inc. Money Purchase Pension Plan and Trust (DC) $381M · 1,394
- Operating Engineers Local 12 Defined Contribution Trust (CA) $376M · 19,566
- Ironworkers Local 11 Annuity Fund (NJ) $375M · 1,159
- Cascade Pension Trust Money Purchase Pension Plan (OR) $375M · 2,092
Similar participant headcount
Nearest other-state filings by covered participants (2,004 participants); asset peers above are excluded.
- Tile Industry Retirement Savings Trust Fund (CA) 2,014 · 10 off
- Teamsters Local 777 Severance and Retirement Plan (IL) 2,024 · 20 off
- U a Local 322 Annuity Fund (NJ) 2,032 · 28 off
- Burrell Behavioral Health 403a Retirement Plan (MO) 2,038 · 34 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.