Money Purchase · DOL Form 5500 · 2023

Board of Trustees of Carolina Electrical Workers Retirement Fund Money Purchase Plan

Data updated 2026-08-25

$136M
Total assets Near avg plan size
5,806
Participants Above avg headcount
93rd
Percentile by assets National rank
$23,440
Avg per participant Low balance/head
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Official DOL plan name: Carolina Electrical Workers Retirement Fund · Sponsored by Board of Trustees of Carolina Electrical Workers Retirement Fund · Utah · Construction

$136M in assets, 5,806 participants

Board of Trustees of Carolina Electrical Workers Retirement Fund's Carolina Electrical Workers Retirement Fund reported $136M in total assets and 5,806 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.

  • #8,264 in Construction (9,030 peers)

Coverage in Utah

Carolina Electrical Workers Retirement Fund covers 5,806 participants in Utah, 9.8x the typical Utah plan (state average ~592 per filing). Assets: $136M.

#8,264
in Construction (9,030 peers)
+6.7%
assets growth YoY
1.4×
vs typical plan assets (national mean)

Carolina Electrical Workers Retirement Fund's outsized position by total assets

Carolina Electrical Workers Retirement Fund vs every filed plan by assets

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

$136,089,737 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

Carolina Electrical Workers Retirement Fund'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. Carolina Electrical Workers Retirement Fund lands in the large band (5,806 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Carolina Electrical Workers Retirement Fund reported net income rose from -$17M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Carolina Electrical Workers Retirement Fund reported participants rose from 5,169 in the plan year 2022 filing to 5,806 in the plan year 2023 filing.
  • Carolina Electrical Workers Retirement Fund end-of-year assets rose from $128M in the plan year 2022 filing to $136M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 561351864 · Board of Trustees of Carolina Electrical Workers Retirement Fund PY 2023 · Money Purchase

Carolina Electrical Workers Retirement Fund · $136M · 5,806 · 93rd

  • 5500 $136M
  • 5500 5,806
  • 5500 93rd
  • 5500 Money Purchase
  • 5500 near Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center Defined Contribution Plan
  • 5500 ind #8264

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 Utah →

Carolina Electrical Workers Retirement Fund in the asset neighbourhood

I.B.E.W. Local Union # 654 Defined Contribution PlanI.B.E.W. Local Union # 654 D…$139MCarolina Electrical Workers Retirement FundCarolina Electrical Workers …$136MLundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center Defined Contribution PlanLundquist Institute for Biom…$136MAspirus, Inc. Frozen 401(a) PlanAspirus, Inc. Frozen 401(a) …$135MHeat & Frost Insulators and Allied Workers Local 6 Annuity FundHeat & Frost Insulators and …$133M
End-of-year total assets ($M) among Carolina Electrical Workers Retirement Fund and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Utah filing particulars

Total Assets (Beginning of Year)$128M
Net Assets (End of Year)$136M
Net Income$9M
Employer EIN561351864
Plan Effective Date1992-12-28
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of Carolina Electrical Workers Retirement Fund)

Sponsor-wide plan assets over time

All Board of Trustees of Carolina Electrical Workers Retirement Fund plans reported in each filing year

Latest sponsor-wide plan assets
$154M 20.776119893192156% vs 2022
2024 filing year
$120M$130M$140M$150M$160M 202220232024 $128M $154M ▲ +20.8%
Year Plans Participants Total Assets
2022 1 5,169 $128M
2023 1 5,806 $136M
2024 1 6,154 $154M

Nearby Money Purchase Plans in Utah

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

Carolina Electrical Workers Retirement Fund vs. nearby Money Purchase plans in Utah, assets vs. participants Scatter plot of 5 data points. -200002000400060008000 -50050100150 Total assets ($M) Participants Carolina Electrical Workers Retirement Fund, Total assets ($M): 136.089737 · Participants: 5806Carolina Electrical Workers Retirement FundOocl (USA) Inc. Defined Contribution Pension Plan, Total assets ($M): 90.123232 · Participants: 464Oocl (USA) Inc. Defined Contribution Pension PlanRowland Hall, Saint Mark's School 403(b) DC Plan, Total assets ($M): 38.350898 · Participants: 265Rowland Hall, Saint Mark's School 403(b) DC PlanNbcc Retirement Plan, Total assets ($M): 2.623204 · Participants: 9Nbcc Retirement PlanWestern States Water Council Money Purchase Pension Plan, Total assets ($M): 2.108903 · Participants: 5Western States Water Council Money Purchase Pension Plan
Carolina Electrical Workers Retirement Fund vs. nearby Money Purchase plans in Utah, assets vs. participants
Compare Carolina Electrical Workers Retirement Fund side-by-side with 3 peers →

Scale composition for Carolina Electrical Workers Retirement Fund

Carolina Electrical Workers Retirement Fund reports $136M in end-of-year assets across 5,806 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $23,440 per participant (17% of the national average assets-per-participant) . Net income for plan year 2023 was $9M.

This plan identity (EIN 561351864, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $128M to $154M (+20.8%) while covered participants moved from 5,169 to 6,154 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 5,169 $128M Open filing
2023 5,806 $136M This page
2024 · index core 6,154 $154M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Carolina Electrical Workers Retirement Fund's out-of-state Money Purchase peers by assets and headcount

Outside Utah, the nearest Money Purchase by assets is Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center Defined Contribution Plan in CA ($136M); by covered participants it is Unite Here! Local 54 Severance Fund in NJ (5,731 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (5,806 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 Carolina Electrical Workers Retirement Fund assets move in 2023? ▼
Carolina Electrical Workers Retirement Fund grew at a solid clip - up 6.7% during 2023, from $128M to $136M. Reported net income was $9M.
How have Board of Trustees of Carolina Electrical Workers Retirement Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of Carolina Electrical Workers Retirement Fund's sponsor-wide assets grew 20.8%, from $128M to $154M.
Where does Carolina Electrical Workers Retirement Fund rank by assets among Form 5500 filers? ▼
Carolina Electrical Workers Retirement Fund 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 Money Purchase plans are similar in size to Carolina Electrical Workers Retirement Fund? ▼
Among Money Purchase plans in other states, the closest by assets is Lundquist Institute for Biomedical Innovation at Harbor-Ucla Medical Center Defined Contribution Plan in CA ($136M, 420 participants).
Which Money Purchase plans cover a similar participant headcount to Carolina Electrical Workers Retirement Fund? ▼
Among Money Purchase plans in other states, the closest by covered participants is Unite Here! Local 54 Severance Fund in NJ (5,731 participants, $41M 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 561351864.

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.