401(k) · DOL Form 5500 · 2023
Board of Trustees of the IBEW Local No. 58 Annuity Fund 401(k) Plan
Data updated 2026-08-11
- $821M
- Total assets
- 5,719
- Participants
- 98th
- Percentile by assets
- $143,512
- Avg per participant
Official DOL plan name: IBEW Local No. 58 Annuity Fund · Sponsored by Board of Trustees of the IBEW Local No. 58 Annuity Fund · Michigan · Construction
$821M in assets, 5,719 participants
Board of Trustees of the IBEW Local No. 58 Annuity Fund's IBEW Local No. 58 Annuity Fund reported $821M in total assets and 5,719 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 127,072 plans)
- #8,883 in Construction (9,030 peers)
Coverage in Michigan
IBEW Local No. 58 Annuity Fund covers 5,719 participants in Michigan, 9.0x the typical Michigan plan (state average ~638 per filing). Assets: $821M.
- $821M
- total plan assets (2023 EOY)
- 5,719
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $143,512
- avg assets per participant
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. IBEW Local No. 58 Annuity Fund reports 5,719 participants - 9.0x that state average ($821M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $699M |
|---|---|
| Net Assets (End of Year) | $820M |
| Net Income | $121M |
| Employer EIN | 382749515 |
| Plan Effective Date | 1987-06-03 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of the IBEW Local No. 58 Annuity Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 5,560 | $699M |
| 2023 | 1 | 5,719 | $821M |
| 2024 | 1 | 5,385 | $919M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
IBEW Local No. 58 Annuity Fund vs. nearby 401(k) plans in Michigan, assets vs. participants
- General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
- The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195
Scale composition for IBEW Local No. 58 Annuity Fund
IBEW Local No. 58 Annuity Fund reports $821M in end-of-year assets across 5,719 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $143,512 per participant (1.0x the national average assets-per-participant) . Net income for plan year 2023 was $121M.
This plan identity (EIN 382749515, plan #002) has 2 Form 5500 filings on file from 2023 to 2024 , with end-of-year assets moving from $821M to $919M (+12.0%) while covered participants moved from 5,719 to 5,385 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2023 | 5,719 | $821M | This page |
| 2024 · index core | 5,385 | $919M | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- IBEW Local No. 58 Annuity Fund (401(k), $919M, 5,385 participants)
- IBEW Local No. 58 Annuity Fund (401(k), $699M, 5,560 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to IBEW Local No. 58 Annuity Fund by total assets, not by location.
- Splunk Inc. Retirement Plan (CA) $821M · 5,602
- Ansys, Inc. Employees' Retirement Program (PA) $820M · 2,309
- Pentair Inc Retirement Savings and Stock (MN) $822M · 5,714
- Sia Retirement Plan (IN) $819M · 5,489
Frequently Asked Questions
How did IBEW Local No. 58 Annuity Fund assets move in 2023? ▼
How have Board of Trustees of the IBEW Local No. 58 Annuity Fund plan assets changed over time? ▼
Where does IBEW Local No. 58 Annuity Fund rank by assets among Form 5500 filers? ▼
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Next read for IBEW Local No. 58 Annuity Fund
Filing takeaways
Ways to act on IBEW Local No. 58 Annuity Fund's numbers.
- By total assets, IBEW Local No. 58 Annuity Fund ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
- Board of Trustees of the IBEW Local No. 58 Annuity Fund's sponsor-wide assets have grown 31.5% since 2022 across 3 plan years on file. More Construction plans