Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Local 38 Pension Plan Pension Plan

Data updated 2026-08-25

$427M
Total assets Above avg plan size
1,542
Participants Near avg headcount
97th
Percentile by assets National rank
$276,667
Avg per participant High balance/head
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Official DOL plan name: I.B.E.W. Local 38 Pension Plan · Sponsored by IBEW Local 38 Pension Plan · Ohio · Construction

$427M in assets, 1,542 participants

IBEW Local 38 Pension Plan's I.B.E.W. Local 38 Pension Plan reported $427M in total assets and 1,542 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.

  • #8,728 in Construction (9,030 peers)

Coverage in Ohio

I.B.E.W. Local 38 Pension Plan covers 1,542 participants in Ohio, 2.0x the typical Ohio plan (state average ~765 per filing). Assets: $427M.

#8,728
in Construction (9,030 peers)
+4.3%
assets growth YoY
4.3×
vs typical plan assets (national mean)

I.B.E.W. Local 38 Pension Plan's outsized position by total assets

I.B.E.W. Local 38 Pension Plan vs every filed plan by assets

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

$426,621,117 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

I.B.E.W. Local 38 Pension 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 38 Pension Plan lands in the large band (1,542 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • I.B.E.W. Local 38 Pension Plan reported net income rose from $905K in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • I.B.E.W. Local 38 Pension Plan end-of-year assets rose from $409M in the plan year 2022 filing to $427M in the plan year 2023 filing.
  • I.B.E.W. Local 38 Pension Plan reported participants rose from 1,512 in the plan year 2022 filing to 1,542 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 346574238 · IBEW Local 38 Pension Plan PY 2023 · Defined Benefit (Pension)

I.B.E.W. Local 38 Pension Plan · $427M · 1,542 · 97th

  • EOY $427M
  • EOY 1,542
  • EOY 97th
  • EOY Defined Benefit (Pension)
  • EOY near Westlake Defined Benefit Plan
  • EOY ind #8728

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 Ohio →

I.B.E.W. Local 38 Pension Plan in the asset neighbourhood

Consolidated Communications Retirement PlanConsolidated Communications …$428MI.B.E.W. Local 38 Pension PlanI.B.E.W. Local 38 Pension Pl…$427MWestlake Defined Benefit Plan$427MAllete & Affiliated Companies Retirement Plan CAllete & Affiliated Companie…$426MSwiss Re Group U.S. Employee's Pension PlanSwiss Re Group U.S. Employee…$425M
End-of-year total assets ($M) among I.B.E.W. Local 38 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$409M
Net Assets (End of Year)$426M
Net Income$17M
Employer EIN346574238
Plan Effective Date1965-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 38 Pension Plan)

Sponsor-wide plan assets over time

All IBEW Local 38 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$446M 9.047347987193808% vs 2022
2024 filing year
$400M$420M$440M$460M 202220232024 $409M $446M ▲ +9.0%
Year Plans Participants Total Assets
2022 1 1,512 $409M
2023 1 1,542 $427M
2024 1 1,575 $446M

Nearby Defined Benefit (Pension) Plans in Ohio

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

I.B.E.W. Local 38 Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 02468 Total assets ($B) Participants I.B.E.W. Local 38 Pension Plan, Total assets ($B): 0.426621117 · Participants: 1542I.B.E.W. Local 38 Pension PlanFirstenergy Corp. Master Pension Plan, Total assets ($B): 7.144086795 · Participants: 12304Firstenergy Corp. Master Pension PlanNationwide Retirement Plan, Total assets ($B): 5.281060445 · Participants: 22311Nationwide Retirement PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.475896468 · Participants: 15595American Electric Power System Retirement PlanParker Defined Benefit Plan, Total assets ($B): 3.656915014 · Participants: 191Parker Defined Benefit PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.592540979 · Participants: 10029Ohio Operating Engineers Pension Plan
I.B.E.W. Local 38 Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare I.B.E.W. Local 38 Pension Plan side-by-side with 3 peers →

I.B.E.W. Local 38 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Westlake Defined Benefit Plan in TX ($427M); by covered participants it is Pamcah-Ua Local 675 Pension Plan in HI (1,545 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($427M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,542 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 I.B.E.W. Local 38 Pension Plan assets move in 2023? ▼
I.B.E.W. Local 38 Pension Plan edged up modestly - up 4.3% during 2023, from $409M to $427M. Reported net income was $17M.
How have IBEW Local 38 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local 38 Pension Plan's sponsor-wide assets grew 9.0%, from $409M to $446M.
Where does I.B.E.W. Local 38 Pension Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local 38 Pension Plan 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 I.B.E.W. Local 38 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Westlake Defined Benefit Plan in TX ($427M, 1,076 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to I.B.E.W. Local 38 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pamcah-Ua Local 675 Pension Plan in HI (1,545 participants, $438M 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 346574238.

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.