Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees Iuoe Local 98 Pension Plan Pension Plan

Data updated 2026-07-24

$215M
Total assets: 644
Participants: 95th
Percentile by assets: $334,528
Avg per participant

Official DOL plan name: Iuoe Local 98 Pension Plan · Sponsored by Board of Trustees Iuoe Local 98 Pension Plan · Massachusetts · Construction

$215M in assets, 644 participants

Board of Trustees Iuoe Local 98 Pension Plan's Iuoe Local 98 Pension Plan reported $215M in total assets and 644 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

95th percentile by assets (of 116,472 plans)

Where Iuoe Local 98 Pension Plan sits by assets

Iuoe Local 98 Pension Plan sits in the top 5% of all filed plans by assets, $215M for 644 participants (~$334,528/participant), up 6.1% in 2024.

$215M
total plan assets (2024 EOY): 644
covered participants: 95th
percentile by assets (of 116,472 plans): $334,528
avg assets per participant

Iuoe Local 98 Pension Plan reported net income fell from $16M in the plan year 2023 filing to $13M in the plan year 2024 filing.
Iuoe Local 98 Pension Plan end-of-year assets rose from $203M in the plan year 2023 filing to $215M in the plan year 2024 filing.
Iuoe Local 98 Pension Plan reported participants fell from 654 in the plan year 2023 filing to 644 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Massachusetts

Industry

Construction

Iuoe Local 98 Pension Plan vs the 2024 asset distribution

By assets, Iuoe Local 98 Pension Plan outranks 95% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.2x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$203M
Net Assets (End of Year)	$212M
Net Income	$13M
Employer EIN	046127765
Plan Effective Date	1959-04-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees Iuoe Local 98 Pension Plan)

Total plan assets by year, all Board of Trustees Iuoe Local 98 Pension Plan plans on file

Year	Plans	Participants	Total Assets
2022	1	656	$184M
2023	1	654	$203M
2024	1	644	$215M

Nearby Defined Benefit (Pension) Plans in Massachusetts

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

Iuoe Local 98 Pension Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants

Liberty Mutual Retirement Benefit Plan $6.3B · 34,910
Massachusetts Institute of Technology Basic Retirement Plan $5.9B · 12,533
N. Atlantic States Carp. Pension Fund $5.1B · 16,946
N. Atlantic States Carp. Guaranteed Annuity Fund $3.8B · 10,943
Massachusetts Laborers' Pension Fund $2.5B · 10,203

Compare Iuoe Local 98 Pension Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Iuoe Local 98 Pension Plan by total assets, not by location.

Ironworkers Local 549-550 Pension Plan (WV) $215M · 938
Link-Belt Construction Equipment Company Employees' Retirement Plan (KY) $216M · 92
Diebold Nixdorf, Incorporated U.S. Pension Plan (OH) $215M · 763
Pension Plan for Employees of Givaudan (NJ) $215M · 414

Frequently Asked Questions

How did Iuoe Local 98 Pension Plan assets move in 2024? ▼

Iuoe Local 98 Pension Plan grew at a solid clip - up 6.1% during 2024, from $203M to $215M. Reported net income was $13M.

How have Board of Trustees Iuoe Local 98 Pension Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees Iuoe Local 98 Pension Plan's sponsor-wide assets grew 16.9%, from $184M to $215M.

Where does Iuoe Local 98 Pension Plan rank by assets among Form 5500 filers? ▼

Iuoe Local 98 Pension Plan ranks in the 95th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Iuoe Local 98 Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Ironworkers Local 549-550 Pension Plan in WV ($215M, 938 participants).

Next read for Iuoe Local 98 Pension Plan

Scale reading

Ways to act on Iuoe Local 98 Pension Plan's numbers.

By total assets, Iuoe Local 98 Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Massachusetts. Compare plans
Board of Trustees Iuoe Local 98 Pension Plan's sponsor-wide assets have grown 16.9% since 2022 across 3 plan years on file. More Construction plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 046127765.

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.