I.B.E.W. LOCAL 540 PENSION FUND
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
I.B.E.W. LOCAL 540 PENSION FUND
This Defined Benefit (Pension) plan holds $126M in total assets and serves 540 participants as of 2023. It is sponsored by I.B.E.W. LOCAL 540 PENSION FUND in Ohio. The plan reported positive net income of $15M for the year.
What the Filing Says About I.B.E.W. LOCAL 540 PENSION FUND
I.B.E.W. LOCAL 540 PENSION FUND is a Defined Benefit (Pension) retirement plan sponsored by I.B.E.W. LOCAL 540 PENSION FUND, headquartered in Ohio. As of the 2023 Form 5500 filing, the plan reports $126M in total end-of-year assets and covers 540 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 346701444, and the plan has been effective since 1972-06-07. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $111M at the beginning of 2023 to $126M at year-end — a gain of 14.0%. Net assets (after liabilities) closed the year at $126M, with reported net income of $15M 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.
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.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $111M |
| Total Assets (End of Year) | $126M |
| Net Assets (End of Year) | $126M |
| Net Income | $15M |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 346701444 |
| Plan Effective Date | 1972-06-07 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (I.B.E.W. LOCAL 540 PENSION FUND)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 520 | $111M |
| 2023 | 1 | 540 | $126M |
Nearby Defined Benefit (Pension) Plans in Ohio
Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.
- FIRSTENERGY CORP. MASTER PENSION PLAN $7.1B · 12,304
- NATIONWIDE RETIREMENT PLAN $5.3B · 22,311
- AMERICAN ELECTRIC POWER SYSTEM RETIREMENT PLAN $4.5B · 15,595
- PARKER DEFINED BENEFIT PLAN $3.7B · 191
- PENSION PLAN FOR EATON CORPORATION EMPLOYEES $2.6B · 8,916
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Frequently Asked Questions
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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 346701444.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.