Money Purchase · DOL Form 5500 · 2023

Joint Board of Trustees, Electrical Money Purchase Plan

Data updated 2026-08-25

$1.6B
Total assets Very large vs avg
8,337
Participants Very large workforce
99th
Percentile by assets National rank
$195,914
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Electrical Workers Deferred Income Plan Local 103, I.B.E.W. · Sponsored by Joint Board of Trustees, Electrical · Massachusetts · Utilities

$1.6B in assets, 8,337 participants

Joint Board of Trustees, Electrical's Electrical Workers Deferred Income Plan Local 103, I.B.E.W. reported $1.6B in total assets and 8,337 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #667 in Utilities (721 peers)

Coverage in Massachusetts

Electrical Workers Deferred Income Plan Local 103, I.B.E.W. covers 8,337 participants in Massachusetts, 13x the typical Massachusetts plan (state average ~659 per filing). Assets: $1.6B.

#667
in Utilities (721 peers)
+13.3%
assets growth YoY
16×
vs typical plan assets (national mean)

Electrical Workers Deferred Income Plan Local 103, I.B.E.W.'s outsized position by total assets

Electrical Workers Deferred Income Plan Local 103, I.B.E.W. vs every filed plan by assets

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

$1,633,331,243 Top 1% higher than 99% 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

Electrical Workers Deferred Income Plan Local 103, I.B.E.W.'s large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Electrical Workers Deferred Income Plan Local 103, I.B.E.W. lands in the large band (8,337 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Electrical Workers Deferred Income Plan Local 103, I.B.E.W. reported net income rose from $87M in the plan year 2022 filing to $192M in the plan year 2023 filing.
  • Electrical Workers Deferred Income Plan Local 103, I.B.E.W. end-of-year assets rose from $1.4B in the plan year 2022 filing to $1.6B in the plan year 2023 filing.
  • Electrical Workers Deferred Income Plan Local 103, I.B.E.W. reported participants rose from 8,275 in the plan year 2022 filing to 8,337 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 042471895 · Joint Board of Trustees, Electrical PY 2023 · Money Purchase

Electrical Workers Deferred Income Plan Local 103, I.B.E.W. · $1.6B · 8,337 · 99th

  • PCT $1.6B
  • EIN 8,337
  • RANK 99th
  • PHOTO Money Purchase
  • IND near Local No. 1 IBEW Pension Benefit Trust Fund
  • EOY ind #667

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 Utilities retirement plans → · Plans in Massachusetts →

Electrical Workers Deferred Income Plan Local 103, I.B.E.W. in the asset neighbourhood

Local No. 1 IBEW Pension Benefit Trust FundLocal No. 1 IBEW Pension Ben…$1.7BElectrical Workers Deferred Income Plan Local 103, I.B.E.W.Electrical Workers Deferred …$1.6BThe Sherwin-Williams Company Salaried Employees' Revised Pension Investment PlanThe Sherwin-Williams Company…$1.6BCentral Midwest Regional Council of Carpenters Defined Contribution Pension PlanCentral Midwest Regional Cou…$1.4BBrookhaven Science Associates, LLC Retirement PlanBrookhaven Science Associate…$1.4B
End-of-year total assets ($B) among Electrical Workers Deferred Income Plan Local 103, I.B.E.W. and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$1.4B
Net Assets (End of Year)$1.6B
Net Income$192M
Employer EIN042471895
Plan Effective Date1970-07-29
Filing StatusFILING RECEIVED

Sponsor Plan History (Joint Board of Trustees, Electrical)

Sponsor-wide plan assets over time

All Joint Board of Trustees, Electrical plans reported in each filing year

Latest sponsor-wide plan assets
$1.8B 23.062443264489914% vs 2022
2024 filing year
$1.4B$1.5B$1.6B$1.7B$1.8B$1.9B 202220232024 $1.44B $1.77B ▲ +22.9%
Year Plans Participants Total Assets
2022 1 8,275 $1.4B
2023 1 8,337 $1.6B
2024 1 8,421 $1.8B

Nearby Money Purchase Plans in Massachusetts

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Electrical Workers Deferred Income Plan Local 103, I.B.E.W. vs. nearby Money Purchase plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 050001000015000 0.511.522.53 Total assets ($B) Participants Electrical Workers Deferred Income Plan Local 103, I.B.E.W., Total assets ($B): 1.633331243 · Participants: 8337Electrical Workers Deferred Income Plan Local 103, I.B.E.W.The Mitre Corporation Qualified Retirement Plan, Total assets ($B): 2.564495046 · Participants: 12551The Mitre Corporation Qualified Retirement PlanRetirement Income Plan for Teaching Faculty of Harvard University, Total assets ($B): 2.165044645 · Participants: 2687Retirement Income Plan for Teaching Faculty of Harvard UniversityMassachusetts Laborers' Annuity Fund, Total assets ($B): 2.163224805 · Participants: 11709Massachusetts Laborers' Annuity FundHarvard University Defined Contribution Retirement Plan, Total assets ($B): 1.763325967 · Participants: 13259Harvard University Defined Contribution Retirement PlanTufts University Basic Retirement Plan, Total assets ($B): 0.941800008 · Participants: 6037Tufts University Basic Retirement Plan
Electrical Workers Deferred Income Plan Local 103, I.B.E.W. vs. nearby Money Purchase plans in Massachusetts, assets vs. participants
Compare Electrical Workers Deferred Income Plan Local 103, I.B.E.W. side-by-side with 3 peers →

Scale composition for Electrical Workers Deferred Income Plan Local 103, I.B.E.W.

Electrical Workers Deferred Income Plan Local 103, I.B.E.W. reports $1.6B in end-of-year assets across 8,337 participants (0.013% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $195,914 per participant (1.4x the national average assets-per-participant) . Net income for plan year 2023 was $192M.

This plan identity (EIN 042471895, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.4B to $1.8B (+23.1%) while covered participants moved from 8,275 to 8,421 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 8,275 $1.4B Open filing
2023 8,337 $1.6B This page
2024 · index core 8,421 $1.8B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Electrical Workers Deferred Income Plan Local 103, I.B.E.W.'s out-of-state Money Purchase peers by assets and headcount

Outside Massachusetts, the nearest Money Purchase by assets is Local No. 1 IBEW Pension Benefit Trust Fund in MO ($1.7B); by covered participants it is New England Electrical Workers Money Purchase Plan and Trust in CT (8,403 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (8,337 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 Electrical Workers Deferred Income Plan Local 103, I.B.E.W. assets move in 2023? ▼
Electrical Workers Deferred Income Plan Local 103, I.B.E.W. grew at a solid clip - up 13.3% during 2023, from $1.4B to $1.6B. Reported net income was $192M.
How have Joint Board of Trustees, Electrical plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Joint Board of Trustees, Electrical's sponsor-wide assets grew 23.1%, from $1.4B to $1.8B.
Where does Electrical Workers Deferred Income Plan Local 103, I.B.E.W. rank by assets among Form 5500 filers? ▼
Electrical Workers Deferred Income Plan Local 103, I.B.E.W. ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Money Purchase plans are similar in size to Electrical Workers Deferred Income Plan Local 103, I.B.E.W.? ▼
Among Money Purchase plans in other states, the closest by assets is Local No. 1 IBEW Pension Benefit Trust Fund in MO ($1.7B, 4,647 participants).
Which Money Purchase plans cover a similar participant headcount to Electrical Workers Deferred Income Plan Local 103, I.B.E.W.? ▼
Among Money Purchase plans in other states, the closest by covered participants is New England Electrical Workers Money Purchase Plan and Trust in CT (8,403 participants, $746M 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 042471895.

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.