401(k) · DOL Form 5500 · 2023

Board of Directors of the IBEW Locals' Saving & Retirement Group Trust 401(k) Plan

Data updated 2026-08-11

$698M
Total assets: 376
Participants: 98th
Percentile by assets: $1.9M
Avg per participant

Official DOL plan name: International Brotherhood of Electrical Workers Local Unions Savings & Security Plan · Sponsored by Board of Directors of the IBEW Locals' Saving & Retirement Group Trust · New York · Other Services

$698M in assets, 376 participants

Board of Directors of the IBEW Locals' Saving & Retirement Group Trust's International Brotherhood of Electrical Workers Local Unions Savings & Security Plan reported $698M in total assets and 376 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)
#7,828 in Other Services (7,857 peers)

Coverage in New York

International Brotherhood of Electrical Workers Local Unions Savings & Security Plan covers 376 participants in New York, about 47% of the average New York filer (state average ~798 per filing). Assets: $698M.

$698M
total plan assets (2023 EOY): 376
covered participants: 98th
percentile by assets (of 127,072 plans): $1.9M
avg assets per participant

International Brotherhood of Electrical Workers Local Unions Savings & Security Plan reported net income rose from -$190M in the plan year 2022 filing to $22M in the plan year 2023 filing.
International Brotherhood of Electrical Workers Local Unions Savings & Security Plan reported participants fell from 389 in the plan year 2022 filing to 376 in the plan year 2023 filing.
International Brotherhood of Electrical Workers Local Unions Savings & Security Plan end-of-year assets rose from $676M in the plan year 2022 filing to $698M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

New York

Industry

Other Services

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. International Brotherhood of Electrical Workers Local Unions Savings & Security Plan reports 376 participants - about 47% of that state average ($698M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$676M
Net Assets (End of Year)	$697M
Net Income	$22M
Employer EIN	271722149
Plan Effective Date	1979-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Directors of the IBEW Locals' Saving & Retirement Group Trust)

Total plan assets by year, all Board of Directors of the IBEW Locals' Saving & Retirement Group Trust plans on file

Year	Plans	Participants	Total Assets
2022	1	389	$676M
2023	1	376	$698M
2024	1	372	$742M

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

International Brotherhood of Electrical Workers Local Unions Savings & Security Plan vs. nearby 401(k) plans in New York, assets vs. participants

IBM 401 (K) Plus Plan $57.4B · 54,912
Pfizer Savings Plan $19.6B · 30,033
Morgan Stanley 401(k) Plan $19.2B · 55,363
The Pepsico Savings Plan $13.7B · 133,597
The Goldman Sachs 401(k) Plan $11.4B · 24,866

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

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to International Brotherhood of Electrical Workers Local Unions Savings & Security Plan by total assets, not by location.

Canadian National Railway Company Savings Plan for U.S. Operations (IL) $697M · 6,661
Tmna, Inc. 401(k) Plan (NJ) $699M · 2,988
Katten Muchin Rosenman LLP Defined Contribution Plan (IL) $699M · 1,189
Totalenergies Finance USA, Inc. Employee Savings Plan (TX) $699M · 2,401

Frequently Asked Questions

How did International Brotherhood of Electrical Workers Local Unions Savings & Security Plan assets move in 2023? ▼

International Brotherhood of Electrical Workers Local Unions Savings & Security Plan edged up modestly - up 3.3% during 2023, from $676M to $698M. Reported net income was $22M.

How have Board of Directors of the IBEW Locals' Saving & Retirement Group Trust plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Directors of the IBEW Locals' Saving & Retirement Group Trust's sponsor-wide assets grew 9.8%, from $676M to $742M.

Where does International Brotherhood of Electrical Workers Local Unions Savings & Security Plan rank by assets among Form 5500 filers? ▼

International Brotherhood of Electrical Workers Local Unions Savings & Security Plan 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 401(k) plans are similar in size to International Brotherhood of Electrical Workers Local Unions Savings & Security Plan? ▼

Among 401(k) plans in other states, the closest by assets is Canadian National Railway Company Savings Plan for U.S. Operations in IL ($697M, 6,661 participants).

Next read for International Brotherhood of Electrical …

Filing takeaways

Ways to act on International Brotherhood of Electrical Workers Local Unions Savings & Security Plan's numbers.

By total assets, International Brotherhood of Electrical Workers Local Unions Savings & Security Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in New York. Compare plans
Board of Directors of the IBEW Locals' Saving & Retirement Group Trust's sponsor-wide assets have grown 9.8% since 2022 across 3 plan years on file. More Other Services 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 271722149.