401(k) · DOL Form 5500 · 2023

Board of Trusteees, IBEW Local 332 Pension Plan Part B 401(k) Plan

Data updated 2026-08-11

$789M
Total assets
2,267
Participants
98th
Percentile by assets
$347,823
Avg per participant
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Official DOL plan name: IBEW Local 332 Pension Plan Part B · Sponsored by Board of Trusteees, IBEW Local 332 Pension Plan Part B · California · Construction

$789M in assets, 2,267 participants

Board of Trusteees, IBEW Local 332 Pension Plan Part B's IBEW Local 332 Pension Plan Part B reported $789M in total assets and 2,267 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)
  • #8,879 in Construction (9,030 peers)

Coverage in California

IBEW Local 332 Pension Plan Part B covers 2,267 participants in California, 3.6x the typical California plan (state average ~630 per filing). Assets: $789M.

$789M
total plan assets (2023 EOY)
2,267
covered participants
98th
percentile by assets (of 127,072 plans)
$347,823
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 332 Pension Plan Part B reported net income rose from -$97M in the plan year 2022 filing to $96M in the plan year 2023 filing.
  • IBEW Local 332 Pension Plan Part B end-of-year assets rose from $697M in the plan year 2022 filing to $789M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Industry

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. IBEW Local 332 Pension Plan Part B reports 2,267 participants - 3.6x that state average ($789M EOY assets).

California filing particulars

Total Assets (Beginning of Year)$697M
Net Assets (End of Year)$787M
Net Income$96M
Employer EIN516105118
Plan Effective Date1972-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trusteees, IBEW Local 332 Pension Plan Part B)

$600M$700M$800M$900M$1,000M 202220232024 $697M $886M ▲ +27.1%
Total plan assets by year, all Board of Trusteees, IBEW Local 332 Pension Plan Part B plans on file
Year Plans Participants Total Assets
2022 1 2,267 $697M
2023 1 2,267 $789M
2024 1 2,215 $886M

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

IBEW Local 332 Pension Plan Part B vs. nearby 401(k) plans in California, assets vs. participants

IBEW Local 332 Pension Plan Part B vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants IBEW Local 332 Pensi…Wells Fargo & Compan…Google LLC 401(k) Sa…Oracle Corporation 4…Intel 401(k) Savings…Apple 401(k) Plan
IBEW Local 332 Pension Plan Part B vs. nearby 401(k) plans in California, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to IBEW Local 332 Pension Plan Part B by total assets, not by location.

Frequently Asked Questions

How did IBEW Local 332 Pension Plan Part B assets move in 2023?
IBEW Local 332 Pension Plan Part B grew at a solid clip - up 13.1% during 2023, from $697M to $789M. Reported net income was $96M.
How have Board of Trusteees, IBEW Local 332 Pension Plan Part B plan assets changed over time?
Across 3 plan years on file (2022-2024), Board of Trusteees, IBEW Local 332 Pension Plan Part B's sponsor-wide assets grew 27.1%, from $697M to $886M.
Where does IBEW Local 332 Pension Plan Part B rank by assets among Form 5500 filers?
IBEW Local 332 Pension Plan Part B 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 401(k) plans are similar in size to IBEW Local 332 Pension Plan Part B?
Among 401(k) plans in other states, the closest by assets is Akzonobel Retirement Savings Plan in TN ($788M, 2,476 participants).

Next read for IBEW Local 332 Pension Plan Part B

Filing takeaways

Ways to act on IBEW Local 332 Pension Plan Part B's numbers.

  • By total assets, IBEW Local 332 Pension Plan Part B ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in California. Compare plans
  • Board of Trusteees, IBEW Local 332 Pension Plan Part B's sponsor-wide assets have grown 27.1% since 2022 across 3 plan years on file. More Construction plans