Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Local No. 223 Union Pension Plan

Data updated 2026-08-25

$59M
Total assets Below avg plan size
300
Participants Below avg headcount
87th
Percentile by assets National rank
$195,906
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local No. 223 Pension · Sponsored by IBEW Local No. 223 Union · Connecticut · Construction

$59M in assets, 300 participants

IBEW Local No. 223 Union's IBEW Local No. 223 Pension reported $59M in total assets and 300 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,675 in Construction (9,030 peers)

Coverage in Connecticut

IBEW Local No. 223 Pension covers 300 participants in Connecticut, about 42% of the average Connecticut filer (state average ~718 per filing). Assets: $59M.

#7,675
in Construction (9,030 peers)
+14.1%
assets growth YoY
0.6×
vs typical plan assets (national mean)

IBEW Local No. 223 Pension's outsized position by total assets

IBEW Local No. 223 Pension vs every filed plan by assets

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

$58,771,671 Top 13% higher than 87% 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 Pension 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 Pension sits mid-pack in the medium band (300 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local No. 223 Pension reported net income rose from -$4M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • IBEW Local No. 223 Pension end-of-year assets rose from $52M in the plan year 2022 filing to $59M in the plan year 2023 filing.
  • IBEW Local No. 223 Pension reported participants rose from 296 in the plan year 2022 filing to 300 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 042780301 · IBEW Local No. 223 Union PY 2023 · Defined Benefit (Pension)

IBEW Local No. 223 Pension · $59M · 300 · 87th

  • 5500 $59M
  • 5500 300
  • 5500 87th
  • 5500 Defined Benefit (Pension)
  • 5500 near Law Companies Group, Inc. Pension Plan
  • 5500 ind #7675

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 Pension in the asset neighbourhood

Retirement Plan for Employees of Pearl River Valley Electric Power AssociationRetirement Plan for Employee…$59MDoosan Pension Plan Number OneDoosan Pension Plan Number O…$59MCoastal Federal Credit Union Cash Balance Defined Benefit Pension Plan and TrustCoastal Federal Credit Union…$59MLaw Companies Group, Inc. Pension PlanLaw Companies Group, Inc. Pe…$59MIBEW Local No. 223 Pension$59M
End-of-year total assets ($M) among IBEW Local No. 223 Pension and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Connecticut filing particulars

Total Assets (Beginning of Year)$52M
Net Assets (End of Year)$59M
Net Income$7M
Employer EIN042780301
Plan Effective Date1963-01-01
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
$69M 34.78084835515662% vs 2022
2024 filing year
$40M$50M$60M$70M$80M 202220232024 $51.5M $69.4M ▲ +34.8%
Year Plans Participants Total Assets
2022 1 296 $52M
2023 1 300 $59M
2024 1 317 $69M

Nearby Defined Benefit (Pension) Plans in Connecticut

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

IBEW Local No. 223 Pension vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants IBEW Local No. 223 Pension, Total assets ($B): 0.058771671 · Participants: 300IBEW Local No. 223 PensionRtx Consolidated Pension Plan, Total assets ($B): 43.752088232 · Participants: 23823Rtx Consolidated Pension PlanThe Citigroup Pension Plan, Total assets ($B): 10.610367002 · Participants: 17283The Citigroup Pension PlanEversource Pension Plan, Total assets ($B): 5.8761342 · Participants: 3717Eversource Pension PlanRetirement Plan for Employees of Aetna Inc., Total assets ($B): 5.40003759 · Participants: 10546Retirement Plan for Employees of Aetna Inc.The Hartford Retirement Plan for U.S. Employees, Total assets ($B): 3.580099386 · Participants: 7529The Hartford Retirement Plan for U.S. Employees
IBEW Local No. 223 Pension vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants
Compare IBEW Local No. 223 Pension side-by-side with 3 peers →

IBEW Local No. 223 Pension's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Connecticut, the nearest Defined Benefit (Pension) by assets is Law Companies Group, Inc. Pension Plan in NY ($59M); by covered participants it is Retirement Plan for Employees of Woods Hole Oceanographic Institution in MA (300 participants). Same-state nearby plans are listed separately above.

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 Pension assets move in 2023? ▼
IBEW Local No. 223 Pension grew at a solid clip - up 14.1% during 2023, from $52M to $59M. Reported net income was $7M.
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 34.8%, from $52M to $69M.
Where does IBEW Local No. 223 Pension rank by assets among Form 5500 filers? ▼
IBEW Local No. 223 Pension ranks in the 87th 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 Defined Benefit (Pension) plans are similar in size to IBEW Local No. 223 Pension? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Law Companies Group, Inc. Pension Plan in NY ($59M, 99 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local No. 223 Pension? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Retirement Plan for Employees of Woods Hole Oceanographic Institution in MA (300 participants, $186M 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 042780301.

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.