Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees IBEW Local 56 Pension Plan Pension Plan

Data updated 2026-08-25

$69M
Total assets Below avg plan size
209
Participants Below avg headcount
88th
Percentile by assets National rank
$330,127
Avg per participant High balance/head
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Official DOL plan name: IBEW Local 56 Pension Plan · Sponsored by Board of Trustees IBEW Local 56 Pension Plan · Pennsylvania · Construction

$69M in assets, 209 participants

Board of Trustees IBEW Local 56 Pension Plan's IBEW Local 56 Pension Plan reported $69M in total assets and 209 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,803 in Construction (9,030 peers)

Coverage in Pennsylvania

IBEW Local 56 Pension Plan covers 209 participants in Pennsylvania, about 25% of the average Pennsylvania filer (state average ~822 per filing). Assets: $69M.

#7,803
in Construction (9,030 peers)
+5.8%
assets growth YoY
0.7×
vs typical plan assets (national mean)

IBEW Local 56 Pension Plan's outsized position by total assets

IBEW Local 56 Pension Plan vs every filed plan by assets

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

$68,996,521 Top 12% higher than 88% 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 56 Pension Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 56 Pension Plan sits mid-pack in the medium band (209 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 56 Pension Plan reported net income rose from -$2M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • IBEW Local 56 Pension Plan end-of-year assets rose from $65M in the plan year 2022 filing to $69M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 256149244 · Board of Trustees IBEW Local 56 Pension Plan PY 2023 · Defined Benefit (Pension)

IBEW Local 56 Pension Plan · $69M · 209 · 88th

  • NET $69M
  • BOOK 209
  • VS-ST 88th
  • BOY Defined Benefit (Pension)
  • SCH near The Interpublic Retirement Account Plan
  • EBSA ind #7803

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 Pennsylvania →

IBEW Local 56 Pension Plan in the asset neighbourhood

Local 210's Pension Plan$69MIla Local 1478-2 Pension Plan$69MU.S. Silica Company Retirement PlanU.S. Silica Company Retireme…$69MThe Interpublic Retirement Account PlanThe Interpublic Retirement A…$69MIBEW Local 56 Pension Plan$69M
End-of-year total assets ($M) among IBEW Local 56 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$65M
Net Assets (End of Year)$69M
Net Income$4M
Employer EIN256149244
Plan Effective Date1972-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local 56 Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees IBEW Local 56 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$72M 10.202962278985819% vs 2022
2024 filing year
$64M$66M$68M$70M$72M$74M 202220232024 $65.2M $71.9M ▲ +10.2%
Year Plans Participants Total Assets
2022 1 207 $65M
2023 1 209 $69M
2024 1 228 $72M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

IBEW Local 56 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants IBEW Local 56 Pension Plan, Total assets ($B): 0.068996521 · Participants: 209IBEW Local 56 Pension PlanNational Elevator Industry Pension Plan, Total assets ($B): 11.224377797 · Participants: 27434National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 6.602912146 · Participants: 47052Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.63715 · Participants: 63680The PNC Financial Services Group, Inc. Pension PlanConstellation Retirement Program, Total assets ($B): 5.323012123 · Participants: 5080Constellation Retirement ProgramThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.257223708 · Participants: 7374The Bank of New York Mellon Corporation Pension Plan
IBEW Local 56 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare IBEW Local 56 Pension Plan side-by-side with 3 peers →

IBEW Local 56 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is The Interpublic Retirement Account Plan in NY ($69M); by covered participants it is Pension Plan for Union Employees of Fox Television Stations, LLC in NY (209 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($69M here).

Similar participant headcount

Nearest other-state filings by covered participants (209 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 56 Pension Plan assets move in 2023? ▼
IBEW Local 56 Pension Plan grew at a solid clip - up 5.8% during 2023, from $65M to $69M. Reported net income was $4M.
How have Board of Trustees IBEW Local 56 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees IBEW Local 56 Pension Plan's sponsor-wide assets grew 10.2%, from $65M to $72M.
Where does IBEW Local 56 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 56 Pension Plan ranks in the 88th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to IBEW Local 56 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Interpublic Retirement Account Plan in NY ($69M, 171 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 56 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan for Union Employees of Fox Television Stations, LLC in NY (209 participants, $45M 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 256149244.

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.