Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of IBEW Local No. 7 Pension Plan Pension Plan

Data updated 2026-08-25

$78M
Total assets Below avg plan size
601
Participants Below avg headcount
89th
Percentile by assets National rank
$129,517
Avg per participant Near avg balance/head
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Official DOL plan name: IBEW Local 7 Pension Fund · Sponsored by Trustees of IBEW Local No. 7 Pension Plan · Connecticut · Construction

$78M in assets, 601 participants

Trustees of IBEW Local No. 7 Pension Plan's IBEW Local 7 Pension Fund reported $78M in total assets and 601 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.

  • #7,907 in Construction (9,030 peers)

Where IBEW Local 7 Pension Fund sits by assets

IBEW Local 7 Pension Fund sits in the top quartile of all filed plans by assets, $78M for 601 participants (~$129,517/participant), up 17.0% in 2023.

#7,907
in Construction (9,030 peers)
+17.0%
assets growth YoY
0.8×
vs typical plan assets (national mean)

IBEW Local 7 Pension Fund's outsized position by total assets

IBEW Local 7 Pension Fund vs every filed plan by assets

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

$77,839,897 Top 11% higher than 89% 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 7 Pension Fund 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 7 Pension Fund sits mid-pack in the medium band (601 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 7 Pension Fund reported net income rose from $2M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • IBEW Local 7 Pension Fund end-of-year assets rose from $67M in the plan year 2022 filing to $78M in the plan year 2023 filing.
  • IBEW Local 7 Pension Fund reported participants rose from 564 in the plan year 2022 filing to 601 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 042314259 · Trustees of IBEW Local No. 7 Pension Plan PY 2023 · Defined Benefit (Pension)

IBEW Local 7 Pension Fund · $78M · 601 · 89th

  • EOY $78M
  • EOY 601
  • EOY 89th
  • EOY Defined Benefit (Pension)
  • EOY near Chicago & Vicinity Laborers' District Council Fund Office Staff Pension Plan
  • EOY ind #7907

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 Connecticut →

IBEW Local 7 Pension Fund in the asset neighbourhood

Laborers' District Council Pension Fund for BaltimLaborers' District Council P…$78MIBEW Local 7 Pension Fund$78MChicago & Vicinity Laborers' District Council Fund Office Staff Pension PlanChicago & Vicinity Laborers'…$78MSchreiber Foods, Inc. Employees Retirement Pension PlanSchreiber Foods, Inc. Employ…$78MItg Cigars, Inc. Retirement PlanItg Cigars, Inc. Retirement …$78M
End-of-year total assets ($M) among IBEW Local 7 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$67M
Net Assets (End of Year)$78M
Net Income$11M
Employer EIN042314259
Plan Effective Date1963-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of IBEW Local No. 7 Pension Plan)

Sponsor-wide plan assets over time

All Trustees of IBEW Local No. 7 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$86M 29.026015043933214% vs 2022
2024 filing year
$60M$70M$80M$90M 202220232024 $66.5M $85.8M ▲ +29.0%
Year Plans Participants Total Assets
2022 1 564 $67M
2023 1 601 $78M
2024 1 620 $86M

Nearby Defined Benefit (Pension) Plans in Connecticut

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

IBEW Local 7 Pension Fund vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants IBEW Local 7 Pension Fund, Total assets ($B): 0.077839897 · Participants: 601IBEW Local 7 Pension FundRtx Consolidated Pension Plan, Total assets ($B): 43.752088232 · Participants: 23823Rtx Consolidated Pension PlanThe Citigroup Pension Plan, Total assets ($B): 10.610367002 · Participants: 17283The Citigroup Pension PlanEversource Pension Plan, Total assets ($B): 5.8761342 · Participants: 3717Eversource Pension PlanRetirement Plan for Employees of Aetna Inc., Total assets ($B): 5.40003759 · Participants: 10546Retirement Plan for Employees of Aetna Inc.The Hartford Retirement Plan for U.S. Employees, Total assets ($B): 3.580099386 · Participants: 7529The Hartford Retirement Plan for U.S. Employees
IBEW Local 7 Pension Fund vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants
Compare IBEW Local 7 Pension Fund side-by-side with 3 peers →

IBEW Local 7 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Connecticut, the nearest Defined Benefit (Pension) by assets is Chicago & Vicinity Laborers' District Council Fund Office Staff Pension Plan in IL ($78M); by covered participants it is Dollar Bank Retirement Plan in PA (601 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (601 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 7 Pension Fund assets move in 2023? ▼
IBEW Local 7 Pension Fund grew sharply - up 17.0% during 2023, from $67M to $78M. Reported net income was $11M.
How have Trustees of IBEW Local No. 7 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of IBEW Local No. 7 Pension Plan's sponsor-wide assets grew 29.0%, from $67M to $86M.
Where does IBEW Local 7 Pension Fund rank by assets among Form 5500 filers? ▼
IBEW Local 7 Pension Fund 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 Defined Benefit (Pension) plans are similar in size to IBEW Local 7 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Chicago & Vicinity Laborers' District Council Fund Office Staff Pension Plan in IL ($78M, 76 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 7 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Dollar Bank Retirement Plan in PA (601 participants, $17M 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 042314259.

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.