Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW 648 Pension Plan Pension Plan

Data updated 2026-08-25

$80M
Total assets Below avg plan size
365
Participants Below avg headcount
90th
Percentile by assets National rank
$219,068
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW 648 Pension Plan · Sponsored by IBEW 648 Pension Plan · West Virginia · Construction

$80M in assets, 365 participants

IBEW 648 Pension Plan's IBEW 648 Pension Plan reported $80M in total assets and 365 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,925 in Construction (9,030 peers)

Where IBEW 648 Pension Plan sits by assets

IBEW 648 Pension Plan sits in the top 10% of all filed plans by assets, $80M for 365 participants (~$219,068/participant), up 13.5% in 2023.

#7,925
in Construction (9,030 peers)
+13.5%
assets growth YoY
0.8×
vs typical plan assets (national mean)

IBEW 648 Pension Plan's outsized position by total assets

IBEW 648 Pension Plan vs every filed plan by assets

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

$79,959,854 Top 10% higher than 90% 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

IBEW 648 Pension Plan 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 648 Pension Plan sits mid-pack in the medium band (365 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW 648 Pension Plan reported net income rose from -$4M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • IBEW 648 Pension Plan end-of-year assets rose from $70M in the plan year 2022 filing to $80M in the plan year 2023 filing.
  • IBEW 648 Pension Plan reported participants rose from 334 in the plan year 2022 filing to 365 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 316134845 · IBEW 648 Pension Plan PY 2023 · Defined Benefit (Pension)

IBEW 648 Pension Plan · $80M · 365 · 90th

  • NET $80M
  • BOOK 365
  • VS-ST 90th
  • BOY Defined Benefit (Pension)
  • SCH near Local 854 Pension Fund
  • EBSA ind #7925

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 West Virginia →

IBEW 648 Pension Plan in the asset neighbourhood

American Society of Composers, Authors and Publishers Employees' Pension PlanAmerican Society of Composer…$80MRetirement Plan for Employees of Central Maine Healthcare CorporationRetirement Plan for Employee…$80MNuclear Fuel Services, Inc. Retirement Plan for Salaried EmployeesNuclear Fuel Services, Inc. …$80MLocal 854 Pension Fund$80MIBEW 648 Pension Plan$80M
End-of-year total assets ($M) among IBEW 648 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$70M
Net Assets (End of Year)$80M
Net Income$10M
Employer EIN316134845
Plan Effective Date1970-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW 648 Pension Plan)

Sponsor-wide plan assets over time

All IBEW 648 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$90M 27.79273262735326% vs 2022
2024 filing year
$60M$70M$80M$90M$100M 202220232024 $70.4M $90M ▲ +27.8%
Year Plans Participants Total Assets
2022 1 334 $70M
2023 1 365 $80M
2024 1 392 $90M

Nearby Defined Benefit (Pension) Plans in West Virginia

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

IBEW 648 Pension Plan vs. nearby Defined Benefit (Pension) plans in West Virginia, assets vs. participants Scatter plot of 6 data points. 05001000150020002500 0200400600 Total assets ($M) Participants IBEW 648 Pension Plan, Total assets ($M): 79.959854 · Participants: 365IBEW 648 Pension PlanWest Virginia Laborers Pension Trust Fund, Total assets ($M): 555.630528 · Participants: 1965West Virginia Laborers Pension Trust FundI.U.O.E. Local 132 Pension Fund, Total assets ($M): 548.257437 · Participants: 1559I.U.O.E. Local 132 Pension FundUnited Mine Workers of America 1985 Construction Workers Pension Plan, Total assets ($M): 447.078317 · Participants: 234United Mine Workers of America 1985 Construction Workers Pension PlanEmployer - Teamsters Local Nos 175 & 505 Pension Trust Fund, Total assets ($M): 419.92467 · Participants: 1453Employer - Teamsters Local Nos 175 & 505 Pension Trust FundMaryland Electrical Industry Pension Plan, Total assets ($M): 267.765025 · Participants: 1667Maryland Electrical Industry Pension Plan
IBEW 648 Pension Plan vs. nearby Defined Benefit (Pension) plans in West Virginia, assets vs. participants
Compare IBEW 648 Pension Plan side-by-side with 3 peers →

IBEW 648 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside West Virginia, the nearest Defined Benefit (Pension) by assets is Local 854 Pension Fund in NY ($80M); by covered participants it is Lufthansa German Airlines Pension Plan for United States Employees in NY (365 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (365 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 IBEW 648 Pension Plan assets move in 2023? ▼
IBEW 648 Pension Plan grew at a solid clip - up 13.5% during 2023, from $70M to $80M. Reported net income was $10M.
How have IBEW 648 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW 648 Pension Plan's sponsor-wide assets grew 27.8%, from $70M to $90M.
Where does IBEW 648 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW 648 Pension Plan ranks in the 90th 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 Defined Benefit (Pension) plans are similar in size to IBEW 648 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Local 854 Pension Fund in NY ($80M, N/A participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW 648 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Lufthansa German Airlines Pension Plan for United States Employees in NY (365 participants, $149M 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 316134845.

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.