Defined Benefit (Pension) · DOL Form 5500 · 2023
IBEW Local Union 98 Pension Plan
Data updated 2026-08-25
- $110M
- Total assets Near avg plan size
- 559
- Participants Below avg headcount
- 92nd
- Percentile by assets National rank
- $196,115
- Avg per participant Above avg balance/head
Official DOL plan name: IBEW Local Union No. 98, Zone 2 Pension Trust Fund · Sponsored by IBEW Local Union 98 · Pennsylvania · Construction
$110M in assets, 559 participants
IBEW Local Union 98's IBEW Local Union No. 98, Zone 2 Pension Trust Fund reported $110M in total assets and 559 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.
- #8,146 in Construction (9,030 peers)
Where IBEW Local Union No. 98, Zone 2 Pension Trust Fund sits by assets
IBEW Local Union No. 98, Zone 2 Pension Trust Fund sits in the top 10% of all filed plans by assets, $110M for 559 participants (~$196,115/participant), up 10.3% in 2023.
- #8,146
- in Construction (9,030 peers)
- +10.3%
- assets growth YoY
- 1.1×
- vs typical plan assets (national mean)
IBEW Local Union No. 98, Zone 2 Pension Trust Fund's outsized position by total assets
IBEW Local Union No. 98, Zone 2 Pension Trust Fund vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$109,628,210 Top 8% higher than 92% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
IBEW Local Union No. 98, Zone 2 Pension Trust Fund 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 Union No. 98, Zone 2 Pension Trust Fund sits mid-pack in the medium band (559 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- IBEW Local Union No. 98, Zone 2 Pension Trust Fund reported net income rose from -$10M in the plan year 2022 filing to $10M in the plan year 2023 filing.
- IBEW Local Union No. 98, Zone 2 Pension Trust Fund end-of-year assets rose from $99M in the plan year 2022 filing to $110M in the plan year 2023 filing.
- IBEW Local Union No. 98, Zone 2 Pension Trust Fund reported participants rose from 543 in the plan year 2022 filing to 559 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 236583334 · IBEW Local Union 98 PY 2023 · Defined Benefit (Pension)
IBEW Local Union No. 98, Zone 2 Pension Trust Fund · $110M · 559 · 92nd
- EIN $110M
- EIN 559
- EIN 92nd
- EIN Defined Benefit (Pension)
- EIN near Mitsui & Co. (U.S.a.), Inc. Pension Plan
- EIN ind #8146
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 →
IBEW Local Union No. 98, Zone 2 Pension Trust Fund in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $99M |
|---|---|
| Net Assets (End of Year) | $109M |
| Net Income | $10M |
| Employer EIN | 236583334 |
| Plan Effective Date | 1962-11-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local Union 98)
Sponsor-wide plan assets over time
All IBEW Local Union 98 plans reported in each filing year
- Latest sponsor-wide plan assets
- $119M 19.453999872179477% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 543 | $99M |
| 2023 | 1 | 559 | $110M |
| 2024 | 1 | 598 | $119M |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- 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
IBEW Local Union No. 98, Zone 2 Pension Trust Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Mitsui & Co. (U.S.a.), Inc. Pension Plan in NY ($110M); by covered participants it is The Hearst Corporation Broadcast Retirement Plan in NC (559 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($110M here).
- Mitsui & Co. (U.S.a.), Inc. Pension Plan (NY) $110M · 115
- Retirement Benefit Plan of Gciu Detroit Newspaper Union 13n with Detroit Area Newspaper Publishers (MI) $110M · 1
- Jacksonville Maritime Association / International Longshoremen's Association Pension Plan (FL) $110M · 653
- Marshall Medical Employees' Retirement Plan (CA) $109M · 1,149
Similar participant headcount
Nearest other-state filings by covered participants (559 participants); asset peers above are excluded.
- The Hearst Corporation Broadcast Retirement Plan (NC) 559 · 0 off
- Local 210's Pension Plan (NY) 559 · 0 off
- Wps Pension Plan (WI) 560 · 1 off
- Alaska Airlines, Inc., Retirement Plan for Mechanics & Related Crafts Employees (WA) 557 · 2 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.