401(k) · DOL Form 5500 · 2023

International Brotherhood of Elec Workers Union Local 7 401(k) Plan

Data updated 2026-08-11

$73M
Total assets
803
Participants
89th
Percentile by assets
$91,181
Avg per participant
PlainRetire home → About this data

Official DOL plan name: The International Brotherhood of Electrical Workers Local 7 Annuity Plan · Sponsored by International Brotherhood of Elec Workers Union Local 7 · Connecticut · Construction

$73M in assets, 803 participants

International Brotherhood of Elec Workers Union Local 7's The International Brotherhood of Electrical Workers Local 7 Annuity Plan reported $73M in total assets and 803 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • 89th percentile by assets (of 127,072 plans)
  • #7,852 in Construction (9,030 peers)

Where The International Brotherhood of Electrical Workers Local 7 Annuity Plan sits by assets

The International Brotherhood of Electrical Workers Local 7 Annuity Plan sits in the top quartile of all filed plans by assets, $73M for 803 participants (~$91,181/participant), up 10.9% in 2023.

$73M
total plan assets (2023 EOY)
803
covered participants
89th
percentile by assets (of 127,072 plans)
$91,181
avg assets per participant

Where The International Brotherhood of Electrical Workers Local 7 Annuity Plan sits by total assets

The International Brotherhood of Electrical Workers Local 7 Annuity Plan vs every filed plan by assets

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

$73,217,987 Top 11% higher than 89% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The International Brotherhood of Electrical Workers Local 7 Annuity Plan reported net income rose from $255K in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • The International Brotherhood of Electrical Workers Local 7 Annuity Plan end-of-year assets rose from $66M in the plan year 2022 filing to $73M in the plan year 2023 filing.
  • The International Brotherhood of Electrical Workers Local 7 Annuity Plan reported participants rose from 790 in the plan year 2022 filing to 803 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Connecticut
Industry
Construction

The International Brotherhood of Electrical Workers Local 7 Annuity Plan vs the 2023 asset distribution

By assets, The International Brotherhood of Electrical Workers Local 7 Annuity Plan outranks 89% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$66M
Net Assets (End of Year)$73M
Net Income$7M
Employer EIN042733497
Plan Effective Date1980-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (International Brotherhood of Elec Workers Union Local 7)

$60M$65M$70M$75M$80M 202220232024 $66M $78.2M ▲ +18.4%
Total plan assets by year, all International Brotherhood of Elec Workers Union Local 7 plans on file
Year Plans Participants Total Assets
2022 1 790 $66M
2023 1 803 $73M
2024 1 821 $78M

Nearby 401(k) Plans in Connecticut

Peer 401(k) plans, same state, same plan type, ranked by total assets.

The International Brotherhood of Electrical Workers Local 7 Annuity Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants The International Br…, Total assets ($B): 0.073217987 · Participants: 803The International Br…Rtx Savings Plan, Total assets ($B): 52.759784 · Participants: 123037Rtx Savings PlanCiti Retirement Savi…, Total assets ($B): 20.653030659 · Participants: 77865Citi Retirement Savi…The Hartford Investm…, Total assets ($B): 6.478512 · Participants: 18377The Hartford Investm…Xerox Corporation Sa…, Total assets ($B): 3.948866 · Participants: 10291Xerox Corporation Sa…Eversource 401(k) Plan, Total assets ($B): 3.751712453 · Participants: 9504Eversource 401(k) Plan
The International Brotherhood of Electrical Workers Local 7 Annuity Plan vs. nearby 401(k) plans in Connecticut, assets vs. participants
Compare The International Brotherhood of Electri… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to The International Brotherhood of Electrical Workers Local 7 Annuity Plan by total assets, not by location.

Frequently Asked Questions

How did The International Brotherhood of Electrical Workers Local 7 Annuity Plan assets move in 2023? ▼
The International Brotherhood of Electrical Workers Local 7 Annuity Plan grew at a solid clip - up 10.9% during 2023, from $66M to $73M. Reported net income was $7M.
How have International Brotherhood of Elec Workers Union Local 7 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), International Brotherhood of Elec Workers Union Local 7's sponsor-wide assets grew 18.4%, from $66M to $78M.
Where does The International Brotherhood of Electrical Workers Local 7 Annuity Plan rank by assets among Form 5500 filers? ▼
The International Brotherhood of Electrical Workers Local 7 Annuity Plan ranks in the 89th 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 401(k) plans are similar in size to The International Brotherhood of Electrical Workers Local 7 Annuity Plan? ▼
Among 401(k) plans in other states, the closest by assets is Marborg Industries 401(k) Plan in CA ($73M, 357 participants).

Next read for The International Brotherhood of Electri…

Scale reading

Ways to act on The International Brotherhood of Electrical Workers Local 7 Annuity Plan's numbers.

  • By total assets, The International Brotherhood of Electrical Workers Local 7 Annuity Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Connecticut. Compare plans
  • International Brotherhood of Elec Workers Union Local 7's sponsor-wide assets have grown 18.4% since 2022 across 3 plan years on file. More Construction plans

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 042733497.

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.