401(k) · DOL Form 5500 · 2023

Board of Trustees-Local 701 Retirement Savings Fund 401(k) Plan

Data updated 2026-08-25

$387M
Total assets Above avg plan size
1,746
Participants Near avg headcount
97th
Percentile by assets National rank
$221,567
Avg per participant Above avg balance/head
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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.

  • #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.

#8,699
in Construction (9,030 peers)
+13.4%
assets growth YoY
3.9×
vs typical plan assets (national mean)

IBEW Local 701 Retirement Savings Fund's outsized position by total assets

IBEW Local 701 Retirement Savings Fund vs every filed plan by assets

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

$386,855,977 Top 3% higher than 97% 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 Local 701 Retirement Savings Fund'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. IBEW Local 701 Retirement Savings Fund lands in the large band (1,746 participants).

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.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 366455509 · Board of Trustees-Local 701 Retirement Savings Fund PY 2023 · 401(k)

IBEW Local 701 Retirement Savings Fund · $387M · 1,746 · 97th

  • BOOK $387M
  • VS-ST 1,746
  • BOY 97th
  • SCH 401(k)
  • EBSA near Dechert LLP Salary Savings Plan
  • PART ind #8699

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 Illinois →

IBEW Local 701 Retirement Savings Fund in the asset neighbourhood

Analysis Group, Inc. Employee Savings PlanAnalysis Group, Inc. Employe…$387MYellow Corporation 401(k) PlanYellow Corporation 401(k) Pl…$387MDechert LLP Salary Savings PlanDechert LLP Salary Savings P…$387MIBEW Local 701 Retirement Savings FundIBEW Local 701 Retirement Sa…$387MAspentech 401(k) Savings Plan$386M
End-of-year total assets ($M) among IBEW Local 701 Retirement Savings Fund and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$341M
Net Assets (End of Year)$386M
Net Income$46M
Employer EIN366455509
Plan Effective Date1989-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees-Local 701 Retirement Savings Fund)

Sponsor-wide plan assets over time

All Board of Trustees-Local 701 Retirement Savings Fund plans reported in each filing year

Latest sponsor-wide plan assets
$946M 22.892382721981793% vs 2022
2024 filing year
$700M$800M$900M$1,000M 202220232024 $770M $946M ▲ +22.9%
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 Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants IBEW Local 701 Retirement Savings Fund, Total assets ($B): 0.386855977 · Participants: 1746IBEW Local 701 Retirement Savings FundAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
IBEW Local 701 Retirement Savings Fund vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare IBEW Local 701 Retirement Savings Fund side-by-side with 3 peers →

IBEW Local 701 Retirement Savings Fund's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Dechert LLP Salary Savings Plan in PA ($387M); by covered participants it is Covenant Surgical Partners Inc. 401(k) Plan in TN (1,746 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($387M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,746 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 Local 701 Retirement Savings Fund assets move in 2023? ▼
IBEW Local 701 Retirement Savings Fund grew at a solid clip - up 13.4% during 2023, from $341M to $387M. Reported net income was $46M.
How have Board of Trustees-Local 701 Retirement Savings Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees-Local 701 Retirement Savings Fund's sponsor-wide assets grew 22.9%, from $770M to $946M.
Where does IBEW Local 701 Retirement Savings Fund rank by assets among Form 5500 filers? ▼
IBEW Local 701 Retirement Savings Fund ranks in the 97th 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 401(k) plans are similar in size to IBEW Local 701 Retirement Savings Fund? ▼
Among 401(k) plans in other states, the closest by assets is Dechert LLP Salary Savings Plan in PA ($387M, 1,321 participants).
Which 401(k) plans cover a similar participant headcount to IBEW Local 701 Retirement Savings Fund? ▼
Among 401(k) plans in other states, the closest by covered participants is Covenant Surgical Partners Inc. 401(k) Plan in TN (1,746 participants, $68M 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 366455509.

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.