401(k) · DOL Form 5500 · 2023
Board of Trustees-Local 701 Retirement Savings Fund 401(k) Plan
Data updated 2026-08-11
- $387M
- Total assets
- 1,746
- Participants
- 97th
- Percentile by assets
- $221,567
- Avg per participant
Official DOL plan name: IBEW Local 701 Retirement Savings Fund · Sponsored by Board of Trustees-Local 701 Retirement Savings Fund · Illinois · Construction
$387M in assets, 1,746 participants
Board of Trustees-Local 701 Retirement Savings Fund's IBEW Local 701 Retirement Savings Fund reported $387M in total assets and 1,746 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 127,072 plans)
- #8,699 in Construction (9,030 peers)
Coverage in Illinois
IBEW Local 701 Retirement Savings Fund covers 1,746 participants in Illinois, 2.2x the typical Illinois plan (state average ~779 per filing). Assets: $387M.
- $387M
- total plan assets (2023 EOY)
- 1,746
- covered participants
- 97th
- percentile by assets (of 127,072 plans)
- $221,567
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- IBEW Local 701 Retirement Savings Fund reported net income rose from $4M in the plan year 2022 filing to $46M in the plan year 2023 filing.
- IBEW Local 701 Retirement Savings Fund end-of-year assets rose from $341M in the plan year 2022 filing to $387M in the plan year 2023 filing.
- IBEW Local 701 Retirement Savings Fund reported participants fell from 1,780 in the plan year 2022 filing to 1,746 in the plan year 2023 filing.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. IBEW Local 701 Retirement Savings Fund reports 1,746 participants - 2.2x that state average ($387M EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $341M |
|---|---|
| Net Assets (End of Year) | $386M |
| Net Income | $46M |
| Employer EIN | 366455509 |
| Plan Effective Date | 1989-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees-Local 701 Retirement Savings Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 2,849 | $770M |
| 2023 | 2 | 2,820 | $874M |
| 2024 | 2 | 2,826 | $946M |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
IBEW Local 701 Retirement Savings Fund vs. nearby 401(k) plans in Illinois, assets vs. participants
- Accenture United States 401(k) Match Savings Plan $17.6B · 69,974
- State Farm 401(k) Savings Plan $16.9B · 60,246
- Abbott Laboratories Stock Retirement Plan $14.5B · 38,012
- United Airlines Pilot Retirement Account Plan $14.4B · 14,959
- Walgreens Retirement Savings Plan $13.4B · 235,331
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to IBEW Local 701 Retirement Savings Fund by total assets, not by location.
- Dechert LLP Salary Savings Plan (PA) $387M · 1,321
- Yellow Corporation 401(k) Plan (KS) $387M · 5,090
- Aspentech 401(k) Savings Plan (MA) $386M · 998
- Analysis Group, Inc. Employee Savings Plan (MA) $387M · 1,028
Frequently Asked Questions
How did IBEW Local 701 Retirement Savings Fund assets move in 2023? ▼
How have Board of Trustees-Local 701 Retirement Savings Fund plan assets changed over time? ▼
Where does IBEW Local 701 Retirement Savings Fund rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to IBEW Local 701 Retirement Savings Fund? ▼
Next read for IBEW Local 701 Retirement Savings Fund
Filing takeaways
Ways to act on IBEW Local 701 Retirement Savings Fund's numbers.
- By total assets, IBEW Local 701 Retirement Savings Fund 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 Illinois. Compare plans
- Board of Trustees-Local 701 Retirement Savings Fund's sponsor-wide assets have grown 22.9% since 2022 across 3 plan years on file. More Construction plans