Defined Benefit (Pension)
2023 plan-year Defined Benefit (Pension) DOL Form 5500

MARYLAND ELECTRICAL INDUSTRY PENSION PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

MARYLAND ELECTRICAL IND PENSION

This Defined Benefit (Pension) plan holds $268M in total assets and serves 1,667 participants as of 2023. It is sponsored by MARYLAND ELECTRICAL IND PENSION in West Virginia. The plan reported positive net income of $12M for the year.

Total Assets (2023)
$268M
Participants
1,667
Industry
Construction

What the Filing Says About MARYLAND ELECTRICAL INDUSTRY PENSION PLAN

MARYLAND ELECTRICAL INDUSTRY PENSION PLAN is a Defined Benefit (Pension) retirement plan sponsored by MARYLAND ELECTRICAL IND PENSION, headquartered in West Virginia. As of the 2023 Form 5500 filing, the plan reports $268M in total end-of-year assets and covers 1,667 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 521057284, and the plan has been effective since 1971-07-29. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $256M at the beginning of 2023 to $268M at year-end — a gain of 4.7%. Net assets (after liabilities) closed the year at $268M, with reported net income of $12M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$256M
Total Assets (End of Year)$268M
Net Assets (End of Year)$268M
Net Income$12M
Plan TypeDefined Benefit (Pension)
Employer EIN521057284
Plan Effective Date1971-07-29
Filing StatusFILING RECEIVED

Sponsor Plan History (MARYLAND ELECTRICAL IND PENSION)

Year Plans Participants Total Assets
2022 1 1,791 $256M
2023 1 1,667 $268M
2024 1 1,784 $289M

Nearby Defined Benefit (Pension) Plans in West Virginia

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

Frequently Asked Questions

How much money is in the MARYLAND ELECTRICAL INDUSTRY PENSION PLAN?
As of the 2023 Form 5500 filing, MARYLAND ELECTRICAL INDUSTRY PENSION PLAN holds $268M in total assets with 1,667 participants. It is sponsored by MARYLAND ELECTRICAL IND PENSION.
What type of plan is MARYLAND ELECTRICAL INDUSTRY PENSION PLAN?
MARYLAND ELECTRICAL INDUSTRY PENSION PLAN is a Defined Benefit (Pension) plan. It has been effective since 1971-07-29. The plan is filed with the U.S. Department of Labor under EIN 521057284.
Who sponsors the MARYLAND ELECTRICAL INDUSTRY PENSION PLAN?
MARYLAND ELECTRICAL INDUSTRY PENSION PLAN is sponsored by MARYLAND ELECTRICAL IND PENSION, located in West Virginia. The sponsor's EIN is 521057284 and the plan operates in the Construction industry.
How did MARYLAND ELECTRICAL INDUSTRY PENSION PLAN perform in 2023?
MARYLAND ELECTRICAL INDUSTRY PENSION PLAN grew by 4.7% during 2023, moving from $256M to $268M in total assets. Net income was $12M.
Where can I find official filings for MARYLAND ELECTRICAL INDUSTRY PENSION PLAN?
Official Form 5500 filings for MARYLAND ELECTRICAL INDUSTRY PENSION PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 521057284 or plan name at efast.dol.gov.
How does MARYLAND ELECTRICAL INDUSTRY PENSION PLAN compare to other plans?
You can compare MARYLAND ELECTRICAL INDUSTRY PENSION PLAN against other Defined Benefit (Pension) plans on the plan type page, or view plans in West Virginia on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 521057284.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.