Profit Sharing · DOL Form 5500 · 2023

IBEW Local Union 481 Defined Contribution Profit Sharing Plan

Data updated 2026-08-11

$268M
Total assets: 2,820
Participants: 96th
Percentile by assets: $95,167
Avg per participant

Official DOL plan name: I.B.E.W. Local Union 481 Defined Contribution Plan · Sponsored by IBEW Local Union 481 Defined Contribution · Indiana · Construction

$268M in assets, 2,820 participants

IBEW Local Union 481 Defined Contribution's I.B.E.W. Local Union 481 Defined Contribution Plan reported $268M in total assets and 2,820 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 127,072 plans)
#8,581 in Construction (9,030 peers)

Coverage in Indiana

I.B.E.W. Local Union 481 Defined Contribution Plan covers 2,820 participants in Indiana, 5.2x the typical Indiana plan (state average ~541 per filing). Assets: $268M.

$268M
total plan assets (2023 EOY): 2,820
covered participants: 96th
percentile by assets (of 127,072 plans): $95,167
avg assets per participant

I.B.E.W. Local Union 481 Defined Contribution Plan reported net income rose from $12M in the plan year 2022 filing to $21M in the plan year 2023 filing.
I.B.E.W. Local Union 481 Defined Contribution Plan end-of-year assets rose from $246M in the plan year 2022 filing to $268M in the plan year 2023 filing.
I.B.E.W. Local Union 481 Defined Contribution Plan reported participants rose from 2,730 in the plan year 2022 filing to 2,820 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Indiana

Industry

Construction

Participants vs Indiana filers

In Indiana, the average filing covers about 541 participants across 2,302 plans. I.B.E.W. Local Union 481 Defined Contribution Plan reports 2,820 participants - 5.2x that state average ($268M EOY assets).

Indiana filing particulars

Total Assets (Beginning of Year)	$246M
Net Assets (End of Year)	$267M
Net Income	$21M
Employer EIN	351501496
Plan Effective Date	1980-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (IBEW Local Union 481 Defined Contribution)

Total plan assets by year, all IBEW Local Union 481 Defined Contribution plans on file

Year	Plans	Participants	Total Assets
2022	1	2,730	$246M
2023	1	2,820	$268M
2024	1	2,994	$296M

Nearby Profit Sharing Plans in Indiana

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

I.B.E.W. Local Union 481 Defined Contribution Plan vs. nearby Profit Sharing plans in Indiana, assets vs. participants

University of Notre Dame 403(b) Retirement Plan $2.4B · 9,969
Indiana State Council of Plasterers & Cement Mason Pension Fund $321M · 1,127
Cfni Retirement Plan $206M · 6,110
Do It Best Corp. Restated Employees' Savings & Profit Sharing Plan $177M · 1,818
Bricklayers of Indiana Retirement Plan $176M · 971

Compare I.B.E.W. Local Union 481 Defined Contrib… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to I.B.E.W. Local Union 481 Defined Contribution Plan by total assets, not by location.

Operating Engineers Local 66 Annuity and Savings Fund (PA) $268M · 9,501
Bricklayers and Stone Masons of Illinois DC No.1, B.a.C. Annuity Fund (IL) $267M · 5,176
Haynes and Boone Investment Directed Profit Sharing Plan (TX) $270M · 1,020
Pipe Fitters Local No 533 Individual Account Plan (MO) $274M · 1,302

Frequently Asked Questions

How did I.B.E.W. Local Union 481 Defined Contribution Plan assets move in 2023? ▼

I.B.E.W. Local Union 481 Defined Contribution Plan grew at a solid clip - up 8.9% during 2023, from $246M to $268M. Reported net income was $21M.

How have IBEW Local Union 481 Defined Contribution plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), IBEW Local Union 481 Defined Contribution's sponsor-wide assets grew 20.0%, from $246M to $296M.

Where does I.B.E.W. Local Union 481 Defined Contribution Plan rank by assets among Form 5500 filers? ▼

I.B.E.W. Local Union 481 Defined Contribution Plan ranks in the 96th 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 Profit Sharing plans are similar in size to I.B.E.W. Local Union 481 Defined Contribution Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Operating Engineers Local 66 Annuity and Savings Fund in PA ($268M, 9,501 participants).

Next read for I.B.E.W. Local Union 481 Defined Contrib…

Filing takeaways

Ways to act on I.B.E.W. Local Union 481 Defined Contribution Plan's numbers.

By total assets, I.B.E.W. Local Union 481 Defined Contribution Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Indiana. Compare plans
IBEW Local Union 481 Defined Contribution's sponsor-wide assets have grown 20.0% since 2022 across 3 plan years on file. More Construction plans

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 351501496.