Defined Benefit (Pension) · DOL Form 5500 · 2023
Board of Trustees, Puget Sound Electrical Workers Pension Trust Pension Plan
Data updated 2026-08-11
- $1.3B
- Total assets
- 5,292
- Participants
- 99th
- Percentile by assets
- $237,279
- Avg per participant
Official DOL plan name: Puget Sound Electrical Workers Pension Plan · Sponsored by Board of Trustees, Puget Sound Electrical Workers Pension Trust · Washington · Construction
$1.3B in assets, 5,292 participants
Board of Trustees, Puget Sound Electrical Workers Pension Trust's Puget Sound Electrical Workers Pension Plan reported $1.3B in total assets and 5,292 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 127,072 plans)
- #8,933 in Construction (9,030 peers)
Coverage in Washington
Puget Sound Electrical Workers Pension Plan covers 5,292 participants in Washington, 3.6x the typical Washington plan (state average ~1,476 per filing). Assets: $1.3B.
- $1.3B
- total plan assets (2023 EOY)
- 5,292
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $237,279
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Puget Sound Electrical Workers Pension Plan reported net income rose from $6M in the plan year 2022 filing to $131M in the plan year 2023 filing.
- Puget Sound Electrical Workers Pension Plan end-of-year assets rose from $1.1B in the plan year 2022 filing to $1.3B in the plan year 2023 filing.
- Puget Sound Electrical Workers Pension Plan reported participants fell from 5,519 in the plan year 2022 filing to 5,292 in the plan year 2023 filing.
Participants vs Washington filers
In Washington, the average filing covers about 1,476 participants across 2,612 plans. Puget Sound Electrical Workers Pension Plan reports 5,292 participants - 3.6x that state average ($1.3B EOY assets).
Washington filing particulars
| Total Assets (Beginning of Year) | $1.1B |
|---|---|
| Net Assets (End of Year) | $1.2B |
| Net Income | $131M |
| Employer EIN | 916180333 |
| Plan Effective Date | 1973-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees, Puget Sound Electrical Workers Pension Trust)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 5,519 | $1.1B |
| 2023 | 1 | 5,292 | $1.3B |
| 2024 | 1 | 4,852 | $1.3B |
Nearby Defined Benefit (Pension) Plans in Washington
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Puget Sound Electrical Workers Pension Plan vs. nearby Defined Benefit (Pension) plans in Washington, assets vs. participants
- Western Conference of Teamsters Pension Plan $57.4B · 229,511
- The Pension Value Plan for Employees of the Boeing Company $25.0B · 31,566
- The Boeing Company Employee Retirement Plan $16.3B · 32,477
- Northwest Carpenters Retirement Plan $3.3B · 15,892
- Locals 302 & 612 of the Iuoe - Employers Construction Industry Retirement Plan $3.1B · 8,339
Scale composition for Puget Sound Electrical Workers Pension Plan
Puget Sound Electrical Workers Pension Plan reports $1.3B in end-of-year assets across 5,292 participants (0.010% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $237,279 per participant (1.7x the national average assets-per-participant) . Net income for plan year 2023 was $131M.
This plan identity (EIN 916180333, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.1B to $1.3B (+20.2%) while covered participants moved from 5,519 to 4,852 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,519 | $1.1B | Open filing |
| 2023 | 5,292 | $1.3B | This page |
| 2024 · index core | 4,852 | $1.3B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Puget Sound Electrical Workers Pension Plan (Defined Benefit (Pension), $1.3B, 4,852 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Puget Sound Electrical Workers Pension Plan by total assets, not by location.
- Michigan Laborers' Pension Plan (MI) $1.3B · 9,974
- Constellation Employee Pension Plan (PA) $1.3B · 3,748
- Thrivent Individual Pension Account Plan (MN) $1.2B · 4,384
- Greater Pennsylvania Carpenters' Pension Fund (PA) $1.2B · 8,460
Frequently Asked Questions
How did Puget Sound Electrical Workers Pension Plan assets move in 2023? ▼
How have Board of Trustees, Puget Sound Electrical Workers Pension Trust plan assets changed over time? ▼
Where does Puget Sound Electrical Workers Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Puget Sound Electrical Workers Pension Plan? ▼
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Filing takeaways
Ways to act on Puget Sound Electrical Workers Pension Plan's numbers.
- By total assets, Puget Sound Electrical Workers Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Washington. Compare plans
- Board of Trustees, Puget Sound Electrical Workers Pension Trust's sponsor-wide assets have grown 20.2% since 2022 across 3 plan years on file. More Construction plans