Defined Benefit (Pension) · DOL Form 5500 · 2023

I.B.E.W. Local No. 246 Pension Fund Board of Trustees Pension Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
156
Participants Small participant base
85th
Percentile by assets National rank
$309,241
Avg per participant High balance/head
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Official DOL plan name: IBEW Local No. 246 Pension Plan · Sponsored by I.B.E.W. Local No. 246 Pension Fund Board of Trustees · Ohio · Construction

$48M in assets, 156 participants

I.B.E.W. Local No. 246 Pension Fund Board of Trustees's IBEW Local No. 246 Pension Plan reported $48M in total assets and 156 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #7,500 in Construction (9,030 peers)

Coverage in Ohio

IBEW Local No. 246 Pension Plan covers 156 participants in Ohio, about 20% of the average Ohio filer (state average ~765 per filing). Assets: $48M.

#7,500
in Construction (9,030 peers)
+8.9%
assets growth YoY
0.5×
vs typical plan assets (national mean)

IBEW Local No. 246 Pension Plan's outsized position by total assets

IBEW Local No. 246 Pension Plan vs every filed plan by assets

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

$48,241,610 Top 15% higher than 85% 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. 246 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. IBEW Local No. 246 Pension Plan sits mid-pack in the medium band (156 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local No. 246 Pension Plan reported net income rose from -$4M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • IBEW Local No. 246 Pension Plan reported participants fell from 181 in the plan year 2022 filing to 156 in the plan year 2023 filing.
  • IBEW Local No. 246 Pension Plan end-of-year assets rose from $44M in the plan year 2022 filing to $48M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 346582842 · I.B.E.W. Local No. 246 Pension Fund Board of Trustees PY 2023 · Defined Benefit (Pension)

IBEW Local No. 246 Pension Plan · $48M · 156 · 85th

  • PCT $48M
  • PCT 156
  • PCT 85th
  • PCT Defined Benefit (Pension)
  • PCT near Atlas Copco Pension Plan
  • PCT ind #7500

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 Ohio →

IBEW Local No. 246 Pension Plan in the asset neighbourhood

Nysa-Ppgu Pension Fund & Plan$48MPlumbers & Steamfitters Local 146 Pension PlanPlumbers & Steamfitters Loca…$48MAtlas Copco Pension Plan$48MIBEW Local No. 246 Pension PlanIBEW Local No. 246 Pension P…$48MBricklayers & Allied Craftsmen Local 1 of Md, Va & DC Baltimore Chapter Pension FundBricklayers & Allied Craftsm…$48M
End-of-year total assets ($M) among IBEW Local No. 246 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$44M
Net Assets (End of Year)$48M
Net Income$4M
Employer EIN346582842
Plan Effective Date1967-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (I.B.E.W. Local No. 246 Pension Fund Board of Trustees)

Sponsor-wide plan assets over time

All I.B.E.W. Local No. 246 Pension Fund Board of Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$50M 11.879221325696285% vs 2022
2024 filing year
$42M$44M$46M$48M$50M$52M 202220232024 $44.3M $49.5M ▲ +11.9%
Year Plans Participants Total Assets
2022 1 181 $44M
2023 1 156 $48M
2024 1 174 $50M

Nearby Defined Benefit (Pension) Plans in Ohio

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

IBEW Local No. 246 Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -202468 Total assets ($B) Participants IBEW Local No. 246 Pension Plan, Total assets ($B): 0.04824161 · Participants: 156IBEW Local No. 246 Pension PlanFirstenergy Corp. Master Pension Plan, Total assets ($B): 7.144086795 · Participants: 12304Firstenergy Corp. Master Pension PlanNationwide Retirement Plan, Total assets ($B): 5.281060445 · Participants: 22311Nationwide Retirement PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.475896468 · Participants: 15595American Electric Power System Retirement PlanParker Defined Benefit Plan, Total assets ($B): 3.656915014 · Participants: 191Parker Defined Benefit PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.592540979 · Participants: 10029Ohio Operating Engineers Pension Plan
IBEW Local No. 246 Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare IBEW Local No. 246 Pension Plan side-by-side with 3 peers →

IBEW Local No. 246 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Atlas Copco Pension Plan in NJ ($48M); by covered participants it is Children's Minnesota Rsvp Plan II in MN (156 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (156 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. 246 Pension Plan assets move in 2023? ▼
IBEW Local No. 246 Pension Plan grew at a solid clip - up 8.9% during 2023, from $44M to $48M. Reported net income was $4M.
How have I.B.E.W. Local No. 246 Pension Fund Board of Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), I.B.E.W. Local No. 246 Pension Fund Board of Trustees's sponsor-wide assets grew 11.9%, from $44M to $50M.
Where does IBEW Local No. 246 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 246 Pension Plan ranks in the 85th 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 IBEW Local No. 246 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Atlas Copco Pension Plan in NJ ($48M, 307 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local No. 246 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Children's Minnesota Rsvp Plan II in MN (156 participants, $24M 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 346582842.

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.