Profit Sharing · DOL Form 5500 · 2023

IBEW Local Union 481 Defined Contribution Profit Sharing Plan

Data updated 2026-08-25

$268M
Total assets Near avg plan size: 2,820
Participants Above avg headcount: 96th
Percentile by assets National rank: $95,167
Avg per participant Below avg balance/head

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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.

#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.

#8,581
in Construction (9,030 peers): +8.9%
assets growth YoY: 2.7×
vs typical plan assets (national mean)

I.B.E.W. Local Union 481 Defined Contribution Plan's outsized position by total assets

I.B.E.W. Local Union 481 Defined Contribution Plan vs every filed plan by assets

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

$268,369,786 Top 4% higher than 96% 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

I.B.E.W. Local Union 481 Defined Contribution Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. I.B.E.W. Local Union 481 Defined Contribution Plan lands in the large band (2,820 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

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 →

Plan-year Form 5500 strip

Filing strip 351501496 · IBEW Local Union 481 Defined Contribution PY 2023 · Profit Sharing

I.B.E.W. Local Union 481 Defined Contribution Plan · $268M · 2,820 · 96th

5500 $268M
ASSETS 2,820
PCT 96th
EIN Profit Sharing
RANK near Operating Engineers Local 66 Annuity and Savings Fund
PHOTO ind #8581

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 Indiana →

End-of-year total assets ($M) among I.B.E.W. Local Union 481 Defined Contribution Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

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)

Latest sponsor-wide plan assets: $296M 20.049658624612388% vs 2022; 2024 filing year

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 Contribution Plan side-by-side with 3 peers →

I.B.E.W. Local Union 481 Defined Contribution Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Indiana, the nearest Profit Sharing by assets is Operating Engineers Local 66 Annuity and Savings Fund in PA ($268M); by covered participants it is Front Porch Retirement Plan in CA (2,837 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($268M here).

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

Similar participant headcount

Nearest other-state filings by covered participants (2,820 participants); asset peers above are excluded.

Front Porch Retirement Plan (CA) 2,837 · 17 off
Sheet Metal Workers Annuity Fund Local Union No. 19 (PA) 2,783 · 37 off
Chicago Painters and Decorators Retirement Savings (IL) 2,860 · 40 off
Sheet Metal Workers Local 17 Annuity Income Fund (MA) 2,868 · 48 off

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 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).

Which Profit Sharing plans cover a similar participant headcount to I.B.E.W. Local Union 481 Defined Contribution Plan? ▼

Among Profit Sharing plans in other states, the closest by covered participants is Front Porch Retirement Plan in CA (2,837 participants, $124M 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 351501496.