Profit Sharing · DOL Form 5500 · 2023

IBEW Local No. 229 Annuity Fund Profit Sharing Plan

Data updated 2026-08-25

$51M
Total assets Below avg plan size
227
Participants Below avg headcount
86th
Percentile by assets National rank
$223,522
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local No. 229 Annuity Fund · Sponsored by IBEW Local No. 229 Annuity Fund · Virginia · Construction

$51M in assets, 227 participants

IBEW Local No. 229 Annuity Fund's IBEW Local No. 229 Annuity Fund reported $51M in total assets and 227 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,549 in Construction (9,030 peers)

Coverage in Virginia

IBEW Local No. 229 Annuity Fund covers 227 participants in Virginia, about 29% of the average Virginia filer (state average ~782 per filing). Assets: $51M.

#7,549
in Construction (9,030 peers)
+19.0%
assets growth YoY
0.5×
vs typical plan assets (national mean)

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

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

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

$50,739,440 Top 14% higher than 86% 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 Annuity 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 Annuity 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 Annuity Fund reported net income rose from $1M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • IBEW Local No. 229 Annuity Fund end-of-year assets rose from $43M in the plan year 2022 filing to $51M in the plan year 2023 filing.
  • IBEW Local No. 229 Annuity 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 →

Form 5500 schedule snapshot

Filing strip 251624277 · IBEW Local No. 229 Annuity Fund PY 2023 · Profit Sharing

IBEW Local No. 229 Annuity Fund · $51M · 227 · 86th

  • ASSETS $51M
  • PCT 227
  • EIN 86th
  • RANK Profit Sharing
  • PHOTO near Intermec Fssp Spinoff Plan
  • IND ind #7549

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 Annuity Fund in the asset neighbourhood

Cc1 Limited Partnership Retirement & Savings Plan Partnership Retirement & Savings PlanCc1 Limited Partnership Reti…$51MIntermec Fssp Spinoff Plan$51MIBEW Local No. 229 Annuity FundIBEW Local No. 229 Annuity F…$51MAcld, Inc. 401(k) Retirement PlanAcld, Inc. 401(k) Retirement…$50MI.B.E.W. Local 1253 Retirement PlanI.B.E.W. Local 1253 Retireme…$50M
End-of-year total assets ($M) among IBEW Local No. 229 Annuity Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$43M
Net Assets (End of Year)$51M
Net Income$8M
Employer EIN251624277
Plan Effective Date1989-06-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$56M 30.946891132711258% vs 2022
2024 filing year
$40M$45M$50M$55M$60M 202220232024 $42.6M $55.8M ▲ +30.9%
Year Plans Participants Total Assets
2022 1 219 $43M
2023 1 227 $51M
2024 1 238 $56M

Nearby Profit Sharing Plans in Virginia

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

IBEW Local No. 229 Annuity Fund vs. nearby Profit Sharing plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000200040006000 00.511.5 Total assets ($B) Participants IBEW Local No. 229 Annuity Fund, Total assets ($B): 0.05073944 · Participants: 227IBEW Local No. 229 Annuity FundSection 403(b) Defined Contribution Plan for Tax-Exempt Colleges and Universities in Virginia, Total assets ($B): 1.065508171 · Participants: 5192Section 403(b) Defined Contribution Plan for Tax-Exempt Colleges and Universities in VirginiaCarpenter Co. Profit-Sharing Plan, Total assets ($B): 0.299252968 · Participants: 2085Carpenter Co. Profit-Sharing PlanAmerican Institutes for Research Tax Deferred Annuity Plan, Total assets ($B): 0.277296224 · Participants: 1521American Institutes for Research Tax Deferred Annuity PlanAnalytic Services Inc. Defined Contribution Retirement Plan, Total assets ($B): 0.205110846 · Participants: 584Analytic Services Inc. Defined Contribution Retirement PlanAssociated Universities Inc. Retirement Plan, Total assets ($B): 0.193232355 · Participants: 541Associated Universities Inc. Retirement Plan
IBEW Local No. 229 Annuity Fund vs. nearby Profit Sharing plans in Virginia, assets vs. participants
Compare IBEW Local No. 229 Annuity Fund side-by-side with 3 peers →

IBEW Local No. 229 Annuity Fund's out-of-state Profit Sharing peers by assets and headcount

Outside Virginia, the nearest Profit Sharing by assets is Intermec Fssp Spinoff Plan in NC ($51M); by covered participants it is American Waste Control, Inc. Profit Sharing Plan in OK (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 Annuity Fund assets move in 2023? ▼
IBEW Local No. 229 Annuity Fund grew sharply - up 19.0% during 2023, from $43M to $51M. Reported net income was $8M.
How have IBEW Local No. 229 Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local No. 229 Annuity Fund's sponsor-wide assets grew 30.9%, from $43M to $56M.
Where does IBEW Local No. 229 Annuity Fund rank by assets among Form 5500 filers? ▼
IBEW Local No. 229 Annuity Fund ranks in the 86th 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 Profit Sharing plans are similar in size to IBEW Local No. 229 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Intermec Fssp Spinoff Plan in NC ($51M, 74 participants).
Which Profit Sharing plans cover a similar participant headcount to IBEW Local No. 229 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is American Waste Control, Inc. Profit Sharing Plan in OK (227 participants, $6M 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 251624277.

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.