Money Purchase · DOL Form 5500 · 2023

IBEW Local No. 223 Union Money Purchase Plan

Data updated 2026-08-25

$28M
Total assets Below avg plan size
556
Participants Below avg headcount
78th
Percentile by assets National rank
$49,469
Avg per participant Low balance/head
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Official DOL plan name: IBEW Local No. 223 Deferred Income Plan · Sponsored by IBEW Local No. 223 Union · Connecticut · Construction

$28M in assets, 556 participants

IBEW Local No. 223 Union's IBEW Local No. 223 Deferred Income Plan reported $28M in total assets and 556 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #6,903 in Construction (9,030 peers)

Where IBEW Local No. 223 Deferred Income Plan sits by assets

IBEW Local No. 223 Deferred Income Plan sits in the top quartile of all filed plans by assets, $28M for 556 participants (~$49,469/participant), up 16.3% in 2023.

#6,903
in Construction (9,030 peers)
+16.3%
assets growth YoY
0.3×
vs typical plan assets (national mean)

IBEW Local No. 223 Deferred Income Plan's outsized position by total assets

IBEW Local No. 223 Deferred Income Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$27,504,590 Top 22% higher than 78% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

IBEW Local No. 223 Deferred Income Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local No. 223 Deferred Income Plan sits mid-pack in the medium band (556 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local No. 223 Deferred Income Plan reported net income rose from -$763K in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • IBEW Local No. 223 Deferred Income Plan end-of-year assets rose from $24M in the plan year 2022 filing to $28M in the plan year 2023 filing.
  • IBEW Local No. 223 Deferred Income Plan reported participants rose from 530 in the plan year 2022 filing to 556 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 041472089 · IBEW Local No. 223 Union PY 2023 · Money Purchase

IBEW Local No. 223 Deferred Income Plan · $28M · 556 · 78th

  • ASSETS $28M
  • ASSETS 556
  • ASSETS 78th
  • ASSETS Money Purchase
  • ASSETS near Plumbers & Steamfitters 150 Profit Sharing Fund
  • ASSETS ind #6903

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 Connecticut →

IBEW Local No. 223 Deferred Income Plan in the asset neighbourhood

IBEW Local No. 223 Deferred Income PlanIBEW Local No. 223 Deferred …$28MPlumbers & Steamfitters 150 Profit Sharing FundPlumbers & Steamfitters 150 …$27MIBEW Local Union 573 Profit Sharing Plan and TrustIBEW Local Union 573 Profit …$27MBrattleboro Memorial Hospital Money Purchase Pension Plan and TrustBrattleboro Memorial Hospita…$27MLaborers' Local #157 Annuity FundLaborers' Local #157 Annuity…$27M
End-of-year total assets ($M) among IBEW Local No. 223 Deferred Income Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$28M
Net Income$4M
Employer EIN041472089
Plan Effective Date1988-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local No. 223 Union)

Sponsor-wide plan assets over time

All IBEW Local No. 223 Union plans reported in each filing year

Latest sponsor-wide plan assets
$30M 27.866022934746994% vs 2022
2024 filing year
$22M$24M$26M$28M$30M$32M 202220232024 $23.7M $30.2M ▲ +27.9%
Year Plans Participants Total Assets
2022 1 530 $24M
2023 1 556 $28M
2024 1 631 $30M

Nearby Money Purchase Plans in Connecticut

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

IBEW Local No. 223 Deferred Income Plan vs. nearby Money Purchase plans in Connecticut, assets vs. participants Scatter plot of 6 data points. 0200040006000800010000 -2000200400600800 Total assets ($M) Participants IBEW Local No. 223 Deferred Income Plan, Total assets ($M): 27.50459 · Participants: 556IBEW Local No. 223 Deferred Income PlanNew England Electrical Workers Money Purchase Plan and Trust, Total assets ($M): 746.047151 · Participants: 8403New England Electrical Workers Money Purchase Plan and TrustEquinor US Holdings Inc. Money Purchase Pension Plan, Total assets ($M): 173.736211 · Participants: 626Equinor US Holdings Inc. Money Purchase Pension PlanSouthern Ct IBEW Annuity Plan, Total assets ($M): 78.724205 · Participants: 467Southern Ct IBEW Annuity PlanMoney Purchase Retirement Plan of U.a. Local 716, Total assets ($M): 36.06523 · Participants: 447Money Purchase Retirement Plan of U.a. Local 716Swisher International Inc. Defined Contribution Plan for Salaried Employees, Total assets ($M): 22.176855 · Participants: 481Swisher International Inc. Defined Contribution Plan for Salaried Employees
IBEW Local No. 223 Deferred Income Plan vs. nearby Money Purchase plans in Connecticut, assets vs. participants
Compare IBEW Local No. 223 Deferred Income Plan side-by-side with 3 peers →

IBEW Local No. 223 Deferred Income Plan's out-of-state Money Purchase peers by assets and headcount

Outside Connecticut, the nearest Money Purchase by assets is Plumbers & Steamfitters 150 Profit Sharing Fund in TN ($27M); by covered participants it is Southwestern PA Human Services, Inc. Tax Sheltered Annuity Plan in PA (556 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (556 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did IBEW Local No. 223 Deferred Income Plan assets move in 2023? ▼
IBEW Local No. 223 Deferred Income Plan grew sharply - up 16.3% during 2023, from $24M to $28M. Reported net income was $4M.
How have IBEW Local No. 223 Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local No. 223 Union's sponsor-wide assets grew 27.9%, from $24M to $30M.
Where does IBEW Local No. 223 Deferred Income Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 223 Deferred Income Plan ranks in the 78th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Money Purchase plans are similar in size to IBEW Local No. 223 Deferred Income Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Plumbers & Steamfitters 150 Profit Sharing Fund in TN ($27M, 1,590 participants).
Which Money Purchase plans cover a similar participant headcount to IBEW Local No. 223 Deferred Income Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Southwestern PA Human Services, Inc. Tax Sheltered Annuity Plan in PA (556 participants, $25M in assets).

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 041472089.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.