Profit Sharing · DOL Form 5500 · 2023

Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan Profit Sharing Plan

Data updated 2026-08-06

$1.1B
Total assets: 3,905
Participants: 99th
Percentile by assets: $288,472
Avg per participant

Official DOL plan name: International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan · Sponsored by Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan · Pennsylvania · Construction

$1.1B in assets, 3,905 participants

Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan's International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan reported $1.1B in total assets and 3,905 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 126,618 plans)
#8,882 in Construction (8,993 peers)

Coverage in Pennsylvania

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan covers 3,905 participants in Pennsylvania, 4.7x the typical Pennsylvania plan (state average ~824 per filing). Assets: $1.1B.

$1.1B
total plan assets (2023 EOY): 3,905
covered participants: 99th
percentile by assets (of 126,618 plans): $288,472
avg assets per participant

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan reported net income rose from -$182M in the plan year 2022 filing to $168M in the plan year 2023 filing.
International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan end-of-year assets rose from $958M in the plan year 2022 filing to $1.1B in the plan year 2023 filing.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Construction

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan reports 3,905 participants - 4.7x that state average ($1.1B EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$958M
Net Assets (End of Year)	$1.1B
Net Income	$168M
Employer EIN	232289872
Plan Effective Date	1983-07-03
Filing Status	FILING RECEIVED

Sponsor Plan History (Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan)

Total plan assets by year, all Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan plans on file

Year	Plans	Participants	Total Assets
2022	1	3,904	$958M
2023	1	3,905	$1.1B
2024	1	3,927	$1.3B

Nearby Profit Sharing Plans in Pennsylvania

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants

Eastern Atlantic States Carpenters Annuity Fund $2.1B · 17,441
University of Pennsylvania Basic Plan $1.7B · 21,016
Temple University Health System, Inc. Defined Contribution Retirement Plan $763M · 10,204
Morgan, Lewis & Bockius LLP Defined Contribution Plan $714M · 2,458
Steamfitters Local Union No. 420 Srp $671M · 6,295

Compare International Brotherhood of Electrical … side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan by total assets, not by location.

Disney Retirement Savings Plan (CA) $1.1B · 37,110
Major League Baseball Players Investment Plan (MD) $1.1B · 4,293
Carle Foundation Hospital and Affiliates Matching Tsa Plan (IL) $1.2B · 15,604
The Research Foundation for Suny Retirement Plan (NY) $1.2B · 10,120

Frequently Asked Questions

How did International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan assets move in 2023? ▼

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan grew sharply - up 17.5% during 2023, from $958M to $1.1B. Reported net income was $168M.

How have Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan's sponsor-wide assets grew 31.4%, from $958M to $1.3B.

Where does International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan rank by assets among Form 5500 filers? ▼

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan ranks in the 99th percentile by end-of-year assets among 126,618 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).

Which Profit Sharing plans are similar in size to International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Disney Retirement Savings Plan in CA ($1.1B, 37,110 participants).

Next read for International Brotherhood of Electrical …

Filing takeaways

Ways to act on International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan's numbers.

By total assets, International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Pennsylvania. Compare plans
Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan's sponsor-wide assets have grown 31.4% 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 232289872.