Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees International Brotherh Electrical Workers Pension Pl Pension Plan

Data updated 2026-08-11

$555M
Total assets: 2,487
Participants: 98th
Percentile by assets: $223,005
Avg per participant

Official DOL plan name: International Brotherhood of Electrical Workers Local Union 98 Pension Plan · Sponsored by Board of Trustees International Brotherh Electrical Workers Pension Pl · Pennsylvania · Construction

$555M in assets, 2,487 participants

Board of Trustees International Brotherh Electrical Workers Pension Pl's International Brotherhood of Electrical Workers Local Union 98 Pension Plan reported $555M in total assets and 2,487 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)
#8,801 in Construction (9,030 peers)

Coverage in Pennsylvania

International Brotherhood of Electrical Workers Local Union 98 Pension Plan covers 2,487 participants in Pennsylvania, 3.0x the typical Pennsylvania plan (state average ~822 per filing). Assets: $555M.

$555M
total plan assets (2023 EOY): 2,487
covered participants: 98th
percentile by assets (of 127,072 plans): $223,005
avg assets per participant

International Brotherhood of Electrical Workers Local Union 98 Pension Plan reported net income rose from -$73M in the plan year 2022 filing to $68M in the plan year 2023 filing.
International Brotherhood of Electrical Workers Local Union 98 Pension Plan end-of-year assets rose from $487M in the plan year 2022 filing to $555M in the plan year 2023 filing.
International Brotherhood of Electrical Workers Local Union 98 Pension Plan reported participants fell from 2,548 in the plan year 2022 filing to 2,487 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Pennsylvania

Industry

Construction

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. International Brotherhood of Electrical Workers Local Union 98 Pension Plan reports 2,487 participants - 3.0x that state average ($555M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$487M
Net Assets (End of Year)	$553M
Net Income	$68M
Employer EIN	231990722
Plan Effective Date	1961-09-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees International Brotherh Electrical Workers Pension Pl)

Total plan assets by year, all Board of Trustees International Brotherh Electrical Workers Pension Pl plans on file

Year	Plans	Participants	Total Assets
2022	1	2,548	$487M
2023	1	2,487	$555M
2024	1	2,573	$624M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

International Brotherhood of Electrical Workers Local Union 98 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants

National Elevator Industry Pension Plan $11.2B · 27,434
Steelworkers Pension Trust $6.6B · 47,052
The PNC Financial Services Group, Inc. Pension Plan $5.6B · 63,680
Constellation Retirement Program $5.3B · 5,080
The Bank of New York Mellon Corporation Pension Plan $5.3B · 7,374

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

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to International Brotherhood of Electrical Workers Local Union 98 Pension Plan by total assets, not by location.

Plumbers & Pipefitters Local Unions 502 & 633 Pens (MI) $555M · 1,287
1199seiu Home Care Employees Pension Fund (NY) $554M · 34,420
Iron Workers' Local No. 25 Pension Fund (MI) $555M · 1,794
Retirement Plan for Employees of United Jewish (NY) $555M · 5,310

Frequently Asked Questions

How did International Brotherhood of Electrical Workers Local Union 98 Pension Plan assets move in 2023? ▼

International Brotherhood of Electrical Workers Local Union 98 Pension Plan grew at a solid clip - up 13.8% during 2023, from $487M to $555M. Reported net income was $68M.

How have Board of Trustees International Brotherh Electrical Workers Pension Pl plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees International Brotherh Electrical Workers Pension Pl's sponsor-wide assets grew 28.0%, from $487M to $624M.

Where does International Brotherhood of Electrical Workers Local Union 98 Pension Plan rank by assets among Form 5500 filers? ▼

International Brotherhood of Electrical Workers Local Union 98 Pension 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 Defined Benefit (Pension) plans are similar in size to International Brotherhood of Electrical Workers Local Union 98 Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Plumbers & Pipefitters Local Unions 502 & 633 Pens in MI ($555M, 1,287 participants).

Next read for International Brotherhood of Electrical …

Filing takeaways

Ways to act on International Brotherhood of Electrical Workers Local Union 98 Pension Plan's numbers.

By total assets, International Brotherhood of Electrical Workers Local Union 98 Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Pennsylvania. Compare plans
Board of Trustees International Brotherh Electrical Workers Pension Pl's sponsor-wide assets have grown 28.0% since 2022 across 3 plan years on file. More Construction 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 231990722.