I.B.E.W. Local 1579 Pension Plan

Other · DOL Form 5500 · 2023

What the Filing Says About I.B.E.W. Local 1579 Pension Plan

I.B.E.W. Local 1579 Pension Plan is an Other retirement plan sponsored by I.B.E.W Local 1579 Pension Plan Board of Trustees, headquartered in Florida. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $217M in total end-of-year assets and covers 846 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 581254974, and the plan has been effective since 1975-08-28. Its filing status is currently FILING RECEIVED.

Year over year, total assets grew sharply from $181M at the beginning of 2023 to $217M at year-end - up 19.5%. Net assets (after liabilities) closed the year at $216M, with reported net income of $35M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Across the 2 plan years I.B.E.W Local 1579 Pension Plan Board of Trustees has on file with PlainRetire (2022-2023), sponsor-wide plan assets have moved from $181M to $217M, a gain of 19.5%, while reported participants moved from 1,018 to 846 (-16.9%). Year-by-year, sponsor-wide filings show: 2022 - $181M in assets across 1 plan covering 1,018 participants; 2023 - $217M in assets across 1 plan covering 846 participants.

By assets, I.B.E.W. Local 1579 Pension Plan outranks 95% of the 126,618 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.2x the national average plan size of $100M and 730 average participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank I.B.E.W. Local 1579 Pension Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.