Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees IBEW Local No 461 Variable Pension Plan Pension Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
220
Participants Below avg headcount
38th
Percentile by assets National rank
$15,824
Avg per participant Low balance/head
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Official DOL plan name: IBEW Local No 461 Variable Pension Plan · Sponsored by Board of Trustees IBEW Local No 461 Variable Pension Plan · Michigan · Construction

$3M in assets, 220 participants

Board of Trustees IBEW Local No 461 Variable Pension Plan's IBEW Local No 461 Variable Pension Plan reported $3M in total assets and 220 participants in its 2023 DOL Form 5500 filing, ranking in the 38th 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.

  • #3,246 in Construction (9,030 peers)

Coverage in Michigan

IBEW Local No 461 Variable Pension Plan covers 220 participants in Michigan, about 34% of the average Michigan filer (state average ~638 per filing). Assets: $3M.

#3,246
in Construction (9,030 peers)
+188.6%
assets growth YoY

IBEW Local No 461 Variable Pension Plan's mid-pack asset rank among Construction and all filers

IBEW Local No 461 Variable Pension Plan vs every filed plan by assets

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

$3,481,335 38th percentile higher than 38% 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 461 Variable Pension 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 461 Variable Pension Plan sits mid-pack in the medium band (220 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local No 461 Variable Pension Plan end-of-year assets rose from $1M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • IBEW Local No 461 Variable Pension Plan reported net income rose from $1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • IBEW Local No 461 Variable Pension Plan reported participants rose from N/A in the plan year 2022 filing to 220 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 882709599 · Board of Trustees IBEW Local No 461 Variable Pension Plan PY 2023 · Defined Benefit (Pension)

IBEW Local No 461 Variable Pension Plan · $3M · 220 · 38th

  • RANK $3M
  • PHOTO 220
  • IND 38th
  • EOY Defined Benefit (Pension)
  • 5500 near Air India Non-Contributory Retirement Income Plan
  • ASSETS ind #3246

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 Michigan →

IBEW Local No 461 Variable Pension Plan in the asset neighbourhood

Local 18 International Union of Police & Protection Employees - Isopgu Pension FundLocal 18 International Union…$3MRetirement Plan for Hourly Rated Employees of the Pangborn LLC Hagerstown, MarylandRetirement Plan for Hourly R…$3MIBEW Local No 461 Variable Pension PlanIBEW Local No 461 Variable P…$3MAir India Non-Contributory Retirement Income PlanAir India Non-Contributory R…$3MJames Y. Chang Defined Benefit Pension PlanJames Y. Chang Defined Benef…$3M
End-of-year total assets ($M) among IBEW Local No 461 Variable Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$3M
Net Income$2M
Employer EIN882709599
Plan Effective Date2022-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local No 461 Variable Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees IBEW Local No 461 Variable Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$7M 447.58845669186894% vs 2022
2024 filing year
$0M$2M$4M$6M$8M 202220232024 $1.21M $6.61M ▲ +446.3%
Year Plans Participants Total Assets
2022 1 N/A $1M
2023 1 220 $3M
2024 1 250 $7M

Nearby Defined Benefit (Pension) Plans in Michigan

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

IBEW Local No 461 Variable Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants IBEW Local No 461 Variable Pension Plan, Total assets ($B): 0.003481335 · Participants: 220IBEW Local No 461 Variable Pension PlanGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 44.838918802 · Participants: 17959General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 19.269442236 · Participants: 26442Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 12.705910161 · Participants: 10215Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 11.529460215 · Participants: 14051Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 11.155705594 · Participants: 13635Fca US LLC UAW Pension Agreement
IBEW Local No 461 Variable Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare IBEW Local No 461 Variable Pension Plan side-by-side with 3 peers →

IBEW Local No 461 Variable Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Air India Non-Contributory Retirement Income Plan in NY ($3M); by covered participants it is Franklin Electric Co., Inc. Pension Plan in IN (220 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (220 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 461 Variable Pension Plan assets move in 2023? ▼
IBEW Local No 461 Variable Pension Plan surged - up 188.6% during 2023, from $1M to $3M. Reported net income was $2M.
How have Board of Trustees IBEW Local No 461 Variable Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees IBEW Local No 461 Variable Pension Plan's sponsor-wide assets grew 447.6%, from $1M to $7M.
Which Defined Benefit (Pension) plans are similar in size to IBEW Local No 461 Variable Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Air India Non-Contributory Retirement Income Plan in NY ($3M, 22 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local No 461 Variable Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Franklin Electric Co., Inc. Pension Plan in IN (220 participants, $107M 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 882709599.

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.