Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Local No. 229 Pension Fund Pension Plan

Data updated 2026-08-25

$41M
Total assets Below avg plan size
227
Participants Below avg headcount
83rd
Percentile by assets National rank
$180,421
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local No. 229 Pension Fund · Sponsored by IBEW Local No. 229 Pension Fund · Virginia · Construction

$41M in assets, 227 participants

IBEW Local No. 229 Pension Fund's IBEW Local No. 229 Pension Fund reported $41M in total assets and 227 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.

  • #7,351 in Construction (9,030 peers)

Coverage in Virginia

IBEW Local No. 229 Pension Fund covers 227 participants in Virginia, about 29% of the average Virginia filer (state average ~782 per filing). Assets: $41M.

#7,351
in Construction (9,030 peers)
+15.4%
assets growth YoY
0.4×
vs typical plan assets (national mean)

IBEW Local No. 229 Pension Fund's outsized position by total assets

IBEW Local No. 229 Pension Fund vs every filed plan by assets

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

$40,955,569 Top 17% higher than 83% 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 No. 229 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 No. 229 Pension Fund sits mid-pack in the medium band (227 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local No. 229 Pension Fund reported net income rose from -$322K in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • IBEW Local No. 229 Pension Fund end-of-year assets rose from $35M in the plan year 2022 filing to $41M in the plan year 2023 filing.
  • IBEW Local No. 229 Pension Fund reported participants rose from 219 in the plan year 2022 filing to 227 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 236399737 · IBEW Local No. 229 Pension Fund PY 2023 · Defined Benefit (Pension)

IBEW Local No. 229 Pension Fund · $41M · 227 · 83rd

  • BOY $41M
  • BOY 227
  • BOY 83rd
  • BOY Defined Benefit (Pension)
  • BOY near Cash Balance Retirement Plan for Employees of Credit Industriel Et Commercial
  • BOY ind #7351

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 Virginia →

IBEW Local No. 229 Pension Fund in the asset neighbourhood

Retirement Plan for Employees of Garrett County Memorial HospitalRetirement Plan for Employee…$41MIBEW Local No. 229 Pension FundIBEW Local No. 229 Pension F…$41MCash Balance Retirement Plan for Employees of Credit Industriel Et CommercialCash Balance Retirement Plan…$41MWhite House Manufacturing Corporation Retirement PlanWhite House Manufacturing Co…$41MPeerless Pump Retirement Income PlanPeerless Pump Retirement Inc…$41M
End-of-year total assets ($M) among IBEW Local No. 229 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$35M
Net Assets (End of Year)$41M
Net Income$5M
Employer EIN236399737
Plan Effective Date1964-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local No. 229 Pension Fund)

Sponsor-wide plan assets over time

All IBEW Local No. 229 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$45M 27.84285309058155% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $35.5M $45.4M ▲ +27.8%
Year Plans Participants Total Assets
2022 1 219 $35M
2023 1 227 $41M
2024 1 238 $45M

Nearby Defined Benefit (Pension) Plans in Virginia

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

IBEW Local No. 229 Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants IBEW Local No. 229 Pension Fund, Total assets ($B): 0.040955569 · Participants: 227IBEW Local No. 229 Pension FundNorthrop Grumman Pension Plan, Total assets ($B): 19.134846358 · Participants: 13674Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 10.184642779 · Participants: 54171Retirement Security PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.450021632 · Participants: 7117Ng Space&mission Systems Corp Salaried Pension PlaSheet Metal Workers' National Pension Fund, Total assets ($B): 8.306466489 · Participants: 61272Sheet Metal Workers' National Pension FundDominion Energy Pension Plan, Total assets ($B): 7.570958933 · Participants: 12263Dominion Energy Pension Plan
IBEW Local No. 229 Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare IBEW Local No. 229 Pension Fund side-by-side with 3 peers →

IBEW Local No. 229 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is Cash Balance Retirement Plan for Employees of Credit Industriel Et Commercial in NY ($41M); by covered participants it is Scripps Networks Interactive Pension Plan in NY (227 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (227 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 No. 229 Pension Fund assets move in 2023? ▼
IBEW Local No. 229 Pension Fund grew sharply - up 15.4% during 2023, from $35M to $41M. Reported net income was $5M.
How have IBEW Local No. 229 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local No. 229 Pension Fund's sponsor-wide assets grew 27.8%, from $35M to $45M.
Where does IBEW Local No. 229 Pension Fund rank by assets among Form 5500 filers? ▼
IBEW Local No. 229 Pension Fund ranks in the 83rd 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 No. 229 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Cash Balance Retirement Plan for Employees of Credit Industriel Et Commercial in NY ($41M, 85 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local No. 229 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Scripps Networks Interactive Pension Plan in NY (227 participants, $47M 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 236399737.

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.