Defined Benefit (Pension) · DOL Form 5500 · 2023

The Board of Trustees of the Electrical Workers Pension Trust Pension Plan

Data updated 2026-08-11

$888M
Total assets: 2,976
Participants: 98th
Percentile by assets: $298,550
Avg per participant

Official DOL plan name: Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW · Sponsored by The Board of Trustees of the Electrical Workers Pension Trust · Michigan · Construction

$888M in assets, 2,976 participants

The Board of Trustees of the Electrical Workers Pension Trust's Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW reported $888M in total assets and 2,976 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

98th percentile by assets (of 127,072 plans)
#8,893 in Construction (9,030 peers)

Coverage in Michigan

Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW covers 2,976 participants in Michigan, 4.7x the typical Michigan plan (state average ~638 per filing). Assets: $888M.

$888M
total plan assets (2023 EOY): 2,976
covered participants: 98th
percentile by assets (of 127,072 plans): $298,550
avg assets per participant

Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW reported net income rose from -$55M in the plan year 2022 filing to $69M in the plan year 2023 filing.
Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW end-of-year assets rose from $800M in the plan year 2022 filing to $888M in the plan year 2023 filing.
Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW reported participants rose from 2,913 in the plan year 2022 filing to 2,976 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Michigan

Industry

Construction

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW reports 2,976 participants - 4.7x that state average ($888M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$800M
Net Assets (End of Year)	$867M
Net Income	$69M
Employer EIN	386080404
Plan Effective Date	1959-10-07
Filing Status	FILING RECEIVED

Sponsor Plan History (The Board of Trustees of the Electrical Workers Pension Trust)

Total plan assets by year, all The Board of Trustees of the Electrical Workers Pension Trust plans on file

Year	Plans	Participants	Total Assets
2022	1	2,913	$800M
2023	1	2,976	$888M
2024	1	3,028	$923M

Nearby Defined Benefit (Pension) Plans in Michigan

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

Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants

General Motors Hourly-Rate Employees Pension Plan $44.8B · 17,959
Ford Motor Company UAW Retirement Plan $19.3B · 26,442
Ford Motor Company General Retirement Plan $12.7B · 10,215
Dow Employees' Pension Plan $11.5B · 14,051
Fca US LLC UAW Pension Agreement $11.2B · 13,635

Compare Electrical Workers Pension Trust Fund of… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW by total assets, not by location.

State Street Retirement Plan (MA) $889M · 3,253
Employees' Retirement Plan of Bose Corporation (MA) $891M · 1,567
University Hospitals Health System, Inc. Retirement Plan (OH) $891M · 23,194
Unicare Retirement Plan (NJ) $893M · 1,006

Frequently Asked Questions

How did Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW assets move in 2023? ▼

Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW grew at a solid clip - up 11.1% during 2023, from $800M to $888M. Reported net income was $69M.

How have The Board of Trustees of the Electrical Workers Pension Trust plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), The Board of Trustees of the Electrical Workers Pension Trust's sponsor-wide assets grew 15.4%, from $800M to $923M.

Where does Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW rank by assets among Form 5500 filers? ▼

Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW ranks in the 98th 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 Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is State Street Retirement Plan in MA ($889M, 3,253 participants).

Next read for Electrical Workers Pension Trust Fund of…

Filing takeaways

Ways to act on Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW's numbers.

By total assets, Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW 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 Michigan. Compare plans
The Board of Trustees of the Electrical Workers Pension Trust's sponsor-wide assets have grown 15.4% 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 386080404.