Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees, 701 Pension Fund Pension Plan

Data updated 2026-08-25

$487M
Total assets Above avg plan size
1,074
Participants Near avg headcount
97th
Percentile by assets National rank
$453,172
Avg per participant High balance/head
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Official DOL plan name: IBEW Local 701 Pension Fund · Sponsored by Board of Trustees, 701 Pension Fund · Illinois · Construction

$487M in assets, 1,074 participants

Board of Trustees, 701 Pension Fund's IBEW Local 701 Pension Fund reported $487M in total assets and 1,074 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.

  • #8,764 in Construction (9,030 peers)

Where IBEW Local 701 Pension Fund sits by assets

IBEW Local 701 Pension Fund sits in the top 5% of all filed plans by assets, $487M for 1,074 participants (~$453,172/participant), up 13.5% in 2023.

#8,764
in Construction (9,030 peers)
+13.5%
assets growth YoY
4.9×
vs typical plan assets (national mean)

IBEW Local 701 Pension Fund's outsized position by total assets

IBEW Local 701 Pension Fund vs every filed plan by assets

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

$486,706,873 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 Pension 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 Pension Fund lands in the large band (1,074 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 701 Pension Fund reported net income rose from $3M in the plan year 2022 filing to $58M in the plan year 2023 filing.
  • IBEW Local 701 Pension Fund end-of-year assets rose from $429M in the plan year 2022 filing to $487M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 366455509 · Board of Trustees, 701 Pension Fund PY 2023 · Defined Benefit (Pension)

IBEW Local 701 Pension Fund · $487M · 1,074 · 97th

  • BOY $487M
  • SCH 1,074
  • EBSA 97th
  • PART Defined Benefit (Pension)
  • TYPE near Crown Equipment Corporation Retirement Plan
  • NET ind #8764

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 Pension Fund in the asset neighbourhood

Diageo North America, Inc. Cash Balance Pension PlanDiageo North America, Inc. C…$487MSheet Metal Workers Pension Fund of Local Union No. 19Sheet Metal Workers Pension …$487MPension Plan of the Oregon Sheet Metal Workers Master Retirement TrustPension Plan of the Oregon S…$487MCrown Equipment Corporation Retirement PlanCrown Equipment Corporation …$487MIBEW Local 701 Pension Fund$487M
End-of-year total assets ($M) among IBEW Local 701 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$429M
Net Assets (End of Year)$486M
Net Income$58M
Employer EIN366455509
Plan Effective Date1971-12-21
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees, 701 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees, 701 Pension 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 Defined Benefit (Pension) Plans in Illinois

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

IBEW Local 701 Pension Fund vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -200204060 Total assets ($B) Participants IBEW Local 701 Pension Fund, Total assets ($B): 0.486706873 · Participants: 1074IBEW Local 701 Pension FundCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 49.680270595 · Participants: 48538Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 35.242945747 · Participants: 45001State Farm Insurance Companies Retirement Plan for United States EmployeesUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.965094339 · Participants: 20680United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.960744597 · Participants: 16346John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 7.819798504 · Participants: 17382Abbott Laboratories Annuity Retirement Plan
IBEW Local 701 Pension Fund vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare IBEW Local 701 Pension Fund side-by-side with 3 peers →

IBEW Local 701 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Crown Equipment Corporation Retirement Plan in OH ($487M); by covered participants it is Westlake Defined Benefit Plan in TX (1,076 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,074 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 Pension Fund assets move in 2023? ▼
IBEW Local 701 Pension Fund grew at a solid clip - up 13.5% during 2023, from $429M to $487M. Reported net income was $58M.
How have Board of Trustees, 701 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees, 701 Pension Fund's sponsor-wide assets grew 22.9%, from $770M to $946M.
Where does IBEW Local 701 Pension Fund rank by assets among Form 5500 filers? ▼
IBEW Local 701 Pension 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 Defined Benefit (Pension) plans are similar in size to IBEW Local 701 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Crown Equipment Corporation Retirement Plan in OH ($487M, 1,827 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 701 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Westlake Defined Benefit Plan in TX (1,076 participants, $427M 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.