Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Local 43 & Electrical Contractors Pension Fund Pension Plan

Data updated 2026-08-25

$246M
Total assets Near avg plan size
860
Participants Near avg headcount
96th
Percentile by assets National rank
$285,692
Avg per participant High balance/head
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Official DOL plan name: IBEW Local 43 & Electrical Contractors Pension Fund · Sponsored by IBEW Local 43 & Electrical Contractors Pension Fund · New York · Construction

$246M in assets, 860 participants

IBEW Local 43 & Electrical Contractors Pension Fund's IBEW Local 43 & Electrical Contractors Pension Fund reported $246M in total assets and 860 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,553 in Construction (9,030 peers)

Where IBEW Local 43 & Electrical Contractors Pension Fund sits by assets

IBEW Local 43 & Electrical Contractors Pension Fund sits in the top 5% of all filed plans by assets, $246M for 860 participants (~$285,692/participant), up 9.4% in 2023.

#8,553
in Construction (9,030 peers)
+9.4%
assets growth YoY
2.5×
vs typical plan assets (national mean)

IBEW Local 43 & Electrical Contractors Pension Fund's outsized position by total assets

IBEW Local 43 & Electrical Contractors Pension Fund vs every filed plan by assets

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

$245,695,193 Top 4% higher than 96% 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 43 & Electrical Contractors Pension Fund 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 43 & Electrical Contractors Pension Fund sits mid-pack in the medium band (860 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 43 & Electrical Contractors Pension Fund reported net income rose from $14M in the plan year 2022 filing to $21M in the plan year 2023 filing.
  • IBEW Local 43 & Electrical Contractors Pension Fund end-of-year assets rose from $225M in the plan year 2022 filing to $246M in the plan year 2023 filing.
  • IBEW Local 43 & Electrical Contractors Pension Fund reported participants rose from 848 in the plan year 2022 filing to 860 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 166153389 · IBEW Local 43 & Electrical Contractors Pension Fund PY 2023 · Defined Benefit (Pension)

IBEW Local 43 & Electrical Contractors Pension Fund · $246M · 860 · 96th

  • BOOK $246M
  • BOOK 860
  • BOOK 96th
  • BOOK Defined Benefit (Pension)
  • BOOK near Pension Plan for All Eligible Employees of Elliott Company
  • BOOK ind #8553

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 New York →

IBEW Local 43 & Electrical Contractors Pension Fund in the asset neighbourhood

Hunt Consolidated, Inc. Fidelity Pension PlanHunt Consolidated, Inc. Fide…$247MIBEW Local 43 & Electrical Contractors Pension FundIBEW Local 43 & Electrical C…$246MPension Plan for All Eligible Employees of Elliott CompanyPension Plan for All Eligibl…$245MRetirement Plan of Sasol (USA) CoporationRetirement Plan of Sasol (US…$245MUtah Pipe Trades Pension Trust FundUtah Pipe Trades Pension Tru…$245M
End-of-year total assets ($M) among IBEW Local 43 & Electrical Contractors 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)$225M
Net Assets (End of Year)$245M
Net Income$21M
Employer EIN166153389
Plan Effective Date1962-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 43 & Electrical Contractors Pension Fund)

Sponsor-wide plan assets over time

All IBEW Local 43 & Electrical Contractors Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$271M 20.87157013088913% vs 2022
2024 filing year
$200M$220M$240M$260M$280M 202220232024 $225M $271M ▲ +20.9%
Year Plans Participants Total Assets
2022 1 848 $225M
2023 1 860 $246M
2024 1 893 $271M

Nearby Defined Benefit (Pension) Plans in New York

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

IBEW Local 43 & Electrical Contractors Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants IBEW Local 43 & Electrical Contractors Pension Fund, Total assets ($B): 0.245695193 · Participants: 860IBEW Local 43 & Electrical Contractors Pension FundIBM Personal Pension Plan, Total assets ($B): 24.955758896 · Participants: 14881IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 16.184377155 · Participants: 10779Consolidated Edison Retirement Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.16620463 · Participants: 1075821199seiu Health Care Employees Pension FundPfizer Consolidated Pension Plan, Total assets ($B): 10.955262618 · Participants: 9616Pfizer Consolidated Pension PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.599669 · Participants: 12289Pepsico Employees Retirement Plan I
IBEW Local 43 & Electrical Contractors Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare IBEW Local 43 & Electrical Contractors Pension Fund side-by-side with 3 peers →

IBEW Local 43 & Electrical Contractors Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Pension Plan for All Eligible Employees of Elliott Company in PA ($245M); by covered participants it is Dte Gas Company Retirement Plan for Employees Covered by Collective Bargaining Agreements in MI (861 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (860 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 43 & Electrical Contractors Pension Fund assets move in 2023? ▼
IBEW Local 43 & Electrical Contractors Pension Fund grew at a solid clip - up 9.4% during 2023, from $225M to $246M. Reported net income was $21M.
How have IBEW Local 43 & Electrical Contractors Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local 43 & Electrical Contractors Pension Fund's sponsor-wide assets grew 20.9%, from $225M to $271M.
Where does IBEW Local 43 & Electrical Contractors Pension Fund rank by assets among Form 5500 filers? ▼
IBEW Local 43 & Electrical Contractors Pension Fund ranks in the 96th 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 43 & Electrical Contractors Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan for All Eligible Employees of Elliott Company in PA ($245M, 755 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 43 & Electrical Contractors Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Dte Gas Company Retirement Plan for Employees Covered by Collective Bargaining Agreements in MI (861 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 166153389.

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.