Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees International Brotherh Electrical Workers Pension Pl Pension Plan

Data updated 2026-08-25

$555M
Total assets Above avg plan size
2,487
Participants Above avg headcount
98th
Percentile by assets National rank
$223,005
Avg per participant Above avg balance/head
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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.

  • #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.

#8,801
in Construction (9,030 peers)
+13.8%
assets growth YoY
5.6×
vs typical plan assets (national mean)

International Brotherhood of Electrical Workers Local Union 98 Pension Plan's outsized position by total assets

International Brotherhood of Electrical Workers Local Union 98 Pension Plan vs every filed plan by assets

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

$554,614,284 Top 2% higher than 98% 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

International Brotherhood of Electrical Workers Local Union 98 Pension 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. International Brotherhood of Electrical Workers Local Union 98 Pension Plan lands in the large band (2,487 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 →

EBSA filing schedule strip

Filing strip 231990722 · Board of Trustees International Brotherh Electrical Workers Pension Pl PY 2023 · Defined Benefit (Pension)

International Brotherhood of Electrical Workers Local Union 98 Pension Plan · $555M · 2,487 · 98th

  • RANK $555M
  • RANK 2,487
  • RANK 98th
  • RANK Defined Benefit (Pension)
  • RANK near Plumbers & Pipefitters Local Unions 502 & 633 Pens
  • RANK ind #8801

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 Pennsylvania →

International Brotherhood of Electrical Workers Local Union 98 Pension Plan in the asset neighbourhood

Retirement Plan for Employees of United JewishRetirement Plan for Employee…$555MIron Workers' Local No. 25 Pension FundIron Workers' Local No. 25 P…$555MInternational Brotherhood of Electrical Workers Local Union 98 Pension PlanInternational Brotherhood of…$555MPlumbers & Pipefitters Local Unions 502 & 633 PensPlumbers & Pipefitters Local…$555M1199seiu Home Care Employees Pension Fund1199seiu Home Care Employees…$554M
End-of-year total assets ($M) among International Brotherhood of Electrical Workers Local Union 98 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$487M
Net Assets (End of Year)$553M
Net Income$68M
Employer EIN231990722
Plan Effective Date1961-09-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All Board of Trustees International Brotherh Electrical Workers Pension Pl plans reported in each filing year

Latest sponsor-wide plan assets
$624M 28.045610833041014% vs 2022
2024 filing year
$450M$500M$550M$600M$650M 202220232024 $487M $624M ▲ +28.0%
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 Scatter plot of 6 data points. -20000020000400006000080000 051015 Total assets ($B) Participants International Brotherhood of Electrical Workers Local Union 98 Pension Plan, Total assets ($B): 0.554614284 · Participants: 2487International Brotherhood of Electrical Workers Local Union 98 Pension PlanNational Elevator Industry Pension Plan, Total assets ($B): 11.224377797 · Participants: 27434National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 6.602912146 · Participants: 47052Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.63715 · Participants: 63680The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.323012123 · Participants: 5080Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.257223708 · Participants: 7374The Bank of New York Mellon Corporation Pension Plan
International Brotherhood of Electrical Workers Local Union 98 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare International Brotherhood of Electrical Workers Local Union 98 Pension Plan side-by-side with 3 peers →

International Brotherhood of Electrical Workers Local Union 98 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Plumbers & Pipefitters Local Unions 502 & 633 Pens in MI ($555M); by covered participants it is Bert Bell/Pete Rozelle Nfl Player Retirement Plan in MD (2,484 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($555M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,487 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to International Brotherhood of Electrical Workers Local Union 98 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Bert Bell/Pete Rozelle Nfl Player Retirement Plan in MD (2,484 participants, $3.9B 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 231990722.

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.