Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees, Puget Sound Electrical Workers Pension Trust Pension Plan

Data updated 2026-08-25

$1.3B
Total assets Very large vs avg
5,292
Participants Above avg headcount
99th
Percentile by assets National rank
$237,279
Avg per participant Above avg balance/head
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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.

  • #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.

#8,933
in Construction (9,030 peers)
+13.5%
assets growth YoY
13×
vs typical plan assets (national mean)

Puget Sound Electrical Workers Pension Plan's outsized position by total assets

Puget Sound Electrical Workers Pension Plan vs every filed plan by assets

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

$1,255,679,903 Top 1% higher than 99% 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

Puget Sound Electrical Workers 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. Puget Sound Electrical Workers Pension Plan lands in the large band (5,292 participants).

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.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 916180333 · Board of Trustees, Puget Sound Electrical Workers Pension Trust PY 2023 · Defined Benefit (Pension)

Puget Sound Electrical Workers Pension Plan · $1.3B · 5,292 · 99th

  • BOOK $1.3B
  • VS-ST 5,292
  • BOY 99th
  • SCH Defined Benefit (Pension)
  • EBSA near Michigan Laborers' Pension Plan
  • PART ind #8933

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 Washington →

Puget Sound Electrical Workers Pension Plan in the asset neighbourhood

Puget Sound Electrical Workers Pension PlanPuget Sound Electrical Worke…$1.3BMichigan Laborers' Pension PlanMichigan Laborers' Pension P…$1.3BConstellation Employee Pension PlanConstellation Employee Pensi…$1.3BThrivent Individual Pension Account PlanThrivent Individual Pension …$1.2BGreater Pennsylvania Carpenters' Pension FundGreater Pennsylvania Carpent…$1.2B
End-of-year total assets ($B) among Puget Sound Electrical Workers Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Washington filing particulars

Total Assets (Beginning of Year)$1.1B
Net Assets (End of Year)$1.2B
Net Income$131M
Employer EIN916180333
Plan Effective Date1973-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees, Puget Sound Electrical Workers Pension Trust)

Sponsor-wide plan assets over time

All Board of Trustees, Puget Sound Electrical Workers Pension Trust plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 20.21165230559596% vs 2022
2024 filing year
$1B$1.1B$1.2B$1.3B$1.4B 202220232024 $1.11B $1.33B ▲ +19.8%
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 Scatter plot of 6 data points. -50000050000100000150000200000250000 -20020406080 Total assets ($B) Participants Puget Sound Electrical Workers Pension Plan, Total assets ($B): 1.255679903 · Participants: 5292Puget Sound Electrical Workers Pension PlanWestern Conference of Teamsters Pension Plan, Total assets ($B): 57.387332732 · Participants: 229511Western Conference of Teamsters Pension PlanThe Pension Value Plan for Employees of the Boeing Company, Total assets ($B): 25.042153263 · Participants: 31566The Pension Value Plan for Employees of the Boeing CompanyThe Boeing Company Employee Retirement Plan, Total assets ($B): 16.333139549 · Participants: 32477The Boeing Company Employee Retirement PlanNorthwest Carpenters Retirement Plan, Total assets ($B): 3.287308621 · Participants: 15892Northwest Carpenters Retirement PlanLocals 302 & 612 of the Iuoe - Employers Construction Industry Retirement Plan, Total assets ($B): 3.066446219 · Participants: 8339Locals 302 & 612 of the Iuoe - Employers Construction Industry Retirement Plan
Puget Sound Electrical Workers Pension Plan vs. nearby Defined Benefit (Pension) plans in Washington, assets vs. participants
Compare Puget Sound Electrical Workers Pension Plan side-by-side with 3 peers →

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's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Washington, the nearest Defined Benefit (Pension) by assets is Michigan Laborers' Pension Plan in MI ($1.3B); by covered participants it is San Francisco Culinary Bartenders & Service Employees Pension Plan in CA (5,292 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.3B here).

Similar participant headcount

Nearest other-state filings by covered participants (5,292 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 Puget Sound Electrical Workers Pension Plan assets move in 2023? ▼
Puget Sound Electrical Workers Pension Plan grew at a solid clip - up 13.5% during 2023, from $1.1B to $1.3B. Reported net income was $131M.
How have Board of Trustees, Puget Sound Electrical Workers Pension Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees, Puget Sound Electrical Workers Pension Trust's sponsor-wide assets grew 20.2%, from $1.1B to $1.3B.
Where does Puget Sound Electrical Workers Pension Plan rank by assets among Form 5500 filers? ▼
Puget Sound Electrical Workers Pension Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Puget Sound Electrical Workers Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Michigan Laborers' Pension Plan in MI ($1.3B, 9,974 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Puget Sound Electrical Workers Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is San Francisco Culinary Bartenders & Service Employees Pension Plan in CA (5,292 participants, N/A 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 916180333.

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.