401(k) · DOL Form 5500 · 2023

IBEW Local 38 401(k) Retirement Plan 401(k) Plan

Data updated 2026-08-25

$147M
Total assets Near avg plan size
1,695
Participants Near avg headcount
93rd
Percentile by assets National rank
$86,440
Avg per participant Below avg balance/head
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Official DOL plan name: IBEW Local 38 401(k) Retirement Plan · Sponsored by IBEW Local 38 401(k) Retirement Plan · Ohio · Construction

$147M in assets, 1,695 participants

IBEW Local 38 401(k) Retirement Plan's IBEW Local 38 401(k) Retirement Plan reported $147M in total assets and 1,695 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • #8,303 in Construction (9,030 peers)

Coverage in Ohio

IBEW Local 38 401(k) Retirement Plan covers 1,695 participants in Ohio, 2.2x the typical Ohio plan (state average ~765 per filing). Assets: $147M.

#8,303
in Construction (9,030 peers)
+14.7%
assets growth YoY
1.5×
vs typical plan assets (national mean)

IBEW Local 38 401(k) Retirement Plan's outsized position by total assets

IBEW Local 38 401(k) Retirement Plan vs every filed plan by assets

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

$146,515,890 Top 7% higher than 93% 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 38 401(k) Retirement Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 38 401(k) Retirement Plan lands in the large band (1,695 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 38 401(k) Retirement Plan reported net income rose from -$17M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • IBEW Local 38 401(k) Retirement Plan end-of-year assets rose from $128M in the plan year 2022 filing to $147M in the plan year 2023 filing.
  • IBEW Local 38 401(k) Retirement Plan reported participants rose from 1,610 in the plan year 2022 filing to 1,695 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 341619944 · IBEW Local 38 401(k) Retirement Plan PY 2023 · 401(k)

IBEW Local 38 401(k) Retirement Plan · $147M · 1,695 · 93rd

  • PCT $147M
  • EIN 1,695
  • RANK 93rd
  • PHOTO 401(k)
  • IND near Williams & Connolly LLP Savings Plan and Trust
  • EOY ind #8303

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 Ohio →

IBEW Local 38 401(k) Retirement Plan in the asset neighbourhood

American Hospital Association 401(k) Thrift and Savings PlanAmerican Hospital Associatio…$147MRetirement Savings Plan of the Ford Meter Box Company, Inc.Retirement Savings Plan of t…$147MIBEW Local 38 401(k) Retirement PlanIBEW Local 38 401(k) Retirem…$147MWilliams & Connolly LLP Savings Plan and TrustWilliams & Connolly LLP Savi…$146MAlta Equipment Company 401(k) Plan & TrustAlta Equipment Company 401(k…$146M
End-of-year total assets ($M) among IBEW Local 38 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$128M
Net Assets (End of Year)$146M
Net Income$19M
Employer EIN341619944
Plan Effective Date1989-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 38 401(k) Retirement Plan)

Sponsor-wide plan assets over time

All IBEW Local 38 401(k) Retirement Plan plans reported in each filing year

Latest sponsor-wide plan assets
$168M 31.828851591004437% vs 2022
2024 filing year
$120M$140M$160M$180M 202220232024 $128M $168M ▲ +31.8%
Year Plans Participants Total Assets
2022 1 1,610 $128M
2023 1 1,695 $147M
2024 1 1,761 $168M

Nearby 401(k) Plans in Ohio

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

IBEW Local 38 401(k) Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants IBEW Local 38 401(k) Retirement Plan, Total assets ($B): 0.14651589 · Participants: 1695IBEW Local 38 401(k) Retirement PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
IBEW Local 38 401(k) Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare IBEW Local 38 401(k) Retirement Plan side-by-side with 3 peers →

IBEW Local 38 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Williams & Connolly LLP Savings Plan and Trust in DC ($146M); by covered participants it is Evapco, Inc. Pretax Savings and Investment Plan in MD (1,695 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,695 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 38 401(k) Retirement Plan assets move in 2023? ▼
IBEW Local 38 401(k) Retirement Plan grew at a solid clip - up 14.7% during 2023, from $128M to $147M. Reported net income was $19M.
How have IBEW Local 38 401(k) Retirement Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local 38 401(k) Retirement Plan's sponsor-wide assets grew 31.8%, from $128M to $168M.
Where does IBEW Local 38 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
IBEW Local 38 401(k) Retirement Plan ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to IBEW Local 38 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Williams & Connolly LLP Savings Plan and Trust in DC ($146M, 682 participants).
Which 401(k) plans cover a similar participant headcount to IBEW Local 38 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Evapco, Inc. Pretax Savings and Investment Plan in MD (1,695 participants, $8M 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 341619944.

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.