Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees of I.B.E.W. Local 241 Pension Plan Pension Plan

Data updated 2026-08-25

$25M
Total assets Below avg plan size
118
Participants Small participant base
77th
Percentile by assets National rank
$214,639
Avg per participant Above avg balance/head
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Official DOL plan name: I.B.E.W. Local 241 Pension Plan · Sponsored by Board of Trustees of I.B.E.W. Local 241 Pension Plan · New York · Construction

$25M in assets, 118 participants

Board of Trustees of I.B.E.W. Local 241 Pension Plan's I.B.E.W. Local 241 Pension Plan reported $25M in total assets and 118 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #6,787 in Construction (9,030 peers)

Coverage in New York

I.B.E.W. Local 241 Pension Plan covers 118 participants in New York, about 15% of the average New York filer (state average ~798 per filing). Assets: $25M.

#6,787
in Construction (9,030 peers)
+8.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

I.B.E.W. Local 241 Pension Plan's outsized position by total assets

I.B.E.W. Local 241 Pension Plan vs every filed plan by assets

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

$25,327,347 Top 23% higher than 77% 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

I.B.E.W. Local 241 Pension Plan 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. I.B.E.W. Local 241 Pension Plan sits mid-pack in the medium band (118 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • I.B.E.W. Local 241 Pension Plan reported net income rose from -$135K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • I.B.E.W. Local 241 Pension Plan end-of-year assets rose from $23M in the plan year 2022 filing to $25M in the plan year 2023 filing.
  • I.B.E.W. Local 241 Pension Plan reported participants rose from 113 in the plan year 2022 filing to 118 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 166118689 · Board of Trustees of I.B.E.W. Local 241 Pension Plan PY 2023 · Defined Benefit (Pension)

I.B.E.W. Local 241 Pension Plan · $25M · 118 · 77th

  • PHOTO $25M
  • IND 118
  • EOY 77th
  • 5500 Defined Benefit (Pension)
  • ASSETS near Savage Energy Services Retirement Plan
  • PCT ind #6787

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 →

I.B.E.W. Local 241 Pension Plan in the asset neighbourhood

Ohio Gastroenterology Group, Inc. Cash Balance Pension PlanOhio Gastroenterology Group,…$25MSavage Energy Services Retirement PlanSavage Energy Services Retir…$25MRetirement Plan for Employees of Louisiana Machinery Company, L.L.C.Retirement Plan for Employee…$25MI.B.E.W. Local 241 Pension PlanI.B.E.W. Local 241 Pension P…$25MLocal 400 Food Terminal Employees' Pension PlanLocal 400 Food Terminal Empl…$25M
End-of-year total assets ($M) among I.B.E.W. Local 241 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$25M
Net Income$2M
Employer EIN166118689
Plan Effective Date1964-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of I.B.E.W. Local 241 Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees of I.B.E.W. Local 241 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$63M 18.271093043013487% vs 2022
2024 filing year
$50M$55M$60M$65M 202220232024 $53.6M $63.4M ▲ +18.3%
Year Plans Participants Total Assets
2022 2 305 $54M
2023 2 314 $59M
2024 2 298 $63M

Nearby Defined Benefit (Pension) Plans in New York

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

I.B.E.W. Local 241 Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants I.B.E.W. Local 241 Pension Plan, Total assets ($B): 0.025327347 · Participants: 118I.B.E.W. Local 241 Pension PlanIBM 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
I.B.E.W. Local 241 Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare I.B.E.W. Local 241 Pension Plan side-by-side with 3 peers →

I.B.E.W. Local 241 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Savage Energy Services Retirement Plan in UT ($25M); by covered participants it is Serralles Hotel, Inc. Pension Plan in PR (118 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (118 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 I.B.E.W. Local 241 Pension Plan assets move in 2023? ▼
I.B.E.W. Local 241 Pension Plan grew at a solid clip - up 8.7% during 2023, from $23M to $25M. Reported net income was $2M.
How have Board of Trustees of I.B.E.W. Local 241 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of I.B.E.W. Local 241 Pension Plan's sponsor-wide assets grew 18.3%, from $54M to $63M.
Where does I.B.E.W. Local 241 Pension Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local 241 Pension Plan ranks in the 77th 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 I.B.E.W. Local 241 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Savage Energy Services Retirement Plan in UT ($25M, 20 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to I.B.E.W. Local 241 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Serralles Hotel, Inc. Pension Plan in PR (118 participants, $2M 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 166118689.

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.