Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA Pension Plan

Data updated 2026-07-24

$823M
Total assets: 2,603
Participants: 98th
Percentile by assets: $316,336
Avg per participant

Official DOL plan name: Western PA Electrical Employees Pension Trust Fund · Sponsored by Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA · Pennsylvania · Construction

$823M in assets, 2,603 participants

Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA's Western PA Electrical Employees Pension Trust Fund reported $823M in total assets and 2,603 participants in its 2024 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 116,472 plans)

Coverage in Pennsylvania

Western PA Electrical Employees Pension Trust Fund covers 2,603 participants in Pennsylvania, 3.2x the typical Pennsylvania plan (state average ~824 per filing). Assets: $823M.

$823M
total plan assets (2024 EOY): 2,603
covered participants: 98th
percentile by assets (of 116,472 plans): $316,336
avg assets per participant

Western PA Electrical Employees Pension Trust Fund end-of-year assets rose from $735M in the plan year 2023 filing to $823M in the plan year 2024 filing.
Western PA Electrical Employees Pension Trust Fund reported net income rose from $83M in the plan year 2023 filing to $88M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Construction

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. Western PA Electrical Employees Pension Trust Fund reports 2,603 participants - 3.2x that state average ($823M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$735M
Net Assets (End of Year)	$823M
Net Income	$88M
Employer EIN	256032108
Plan Effective Date	1949-02-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA)

Total plan assets by year, all Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA plans on file

Year	Plans	Participants	Total Assets
2022	1	2,579	$652M
2023	1	2,603	$735M
2024	1	2,603	$823M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

Western PA Electrical Employees Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants

Steelworkers Pension Trust $7.2B · 46,110
The PNC Financial Services Group, Inc. Pension Plan $5.5B · 58,779
The Bank of New York Mellon Corporation Pension Plan $5.2B · 6,387
Constellation Retirement Program $5.0B · 4,809
Eastern Atlantic States Carpenters Pension Fund $5.0B · 12,421

Compare Western PA Electrical Employees Pension … side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Western PA Electrical Employees Pension Trust Fund by total assets, not by location.

Cedars-Sinai Defined Benefit Retirement Plan (CA) $824M · 2,410
Csaa Insurance Group Cash Balance Retirement Plan (CA) $822M · 1,984
The Employee Retirement Plan of Group Health Plan, (MN) $819M · 1,656
Jm Family Associates' Retirement Plan (FL) $828M · 3,992

Frequently Asked Questions

How did Western PA Electrical Employees Pension Trust Fund assets move in 2024? ▼

Western PA Electrical Employees Pension Trust Fund grew at a solid clip - up 12.0% during 2024, from $735M to $823M. Reported net income was $88M.

How have Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA's sponsor-wide assets grew 26.4%, from $652M to $823M.

Where does Western PA Electrical Employees Pension Trust Fund rank by assets among Form 5500 filers? ▼

Western PA Electrical Employees Pension Trust Fund ranks in the 98th 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 Western PA Electrical Employees Pension Trust Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Cedars-Sinai Defined Benefit Retirement Plan in CA ($824M, 2,410 participants).

Next read for Western PA Electrical Employees Pension …

Filing takeaways

Ways to act on Western PA Electrical Employees Pension Trust Fund's numbers.

By total assets, Western PA Electrical Employees Pension Trust Fund 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 Pennsylvania. Compare plans
Board of Trustees,IBEW Local Union No 5 & Western PA Chapter NECA's sponsor-wide assets have grown 26.4% 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 256032108.

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.