401(k) · DOL Form 5500 · 2024

Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund 401(k) Plan

Data updated 2026-08-11

$132M
Total assets
5,147
Participants
92nd
Percentile by assets
$25,571
Avg per participant
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Official DOL plan name: IBEW Local No. 716 Retirement Plan · Sponsored by Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund · Texas · Construction

$132M in assets, 5,147 participants

Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund's IBEW Local No. 716 Retirement Plan reported $132M in total assets and 5,147 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.

  • 92nd percentile by assets (of 123,622 plans)
  • #8,209 in Construction (9,039 peers)

Coverage in Texas

IBEW Local No. 716 Retirement Plan covers 5,147 participants in Texas, 7.5x the typical Texas plan (state average ~688 per filing). Assets: $132M.

$132M
total plan assets (2024 EOY)
5,147
covered participants
92nd
percentile by assets (of 123,622 plans)
$25,571
avg assets per participant

Where IBEW Local No. 716 Retirement Plan sits by total assets

IBEW Local No. 716 Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$131,614,880 Top 8% higher than 92% of 123,620 filed plans

This plan $0 $2,010,000,000 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 2024

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local No. 716 Retirement Plan end-of-year assets rose from $117M in the plan year 2023 filing to $132M in the plan year 2024 filing.
  • IBEW Local No. 716 Retirement Plan reported net income rose from $13M in the plan year 2023 filing to $15M in the plan year 2024 filing.
  • IBEW Local No. 716 Retirement Plan reported participants rose from 4,760 in the plan year 2023 filing to 5,147 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Texas
Industry
Construction

Participants vs Texas filers

In Texas, the average filing covers about 688 participants across 10,116 plans. IBEW Local No. 716 Retirement Plan reports 5,147 participants - 7.5x that state average ($132M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)$117M
Net Assets (End of Year)$132M
Net Income$15M
Employer EIN316620547
Plan Effective Date1999-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund)

$100M$110M$120M$130M$140M 202220232024 $104M $132M ▲ +26.9%
Total plan assets by year, all Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund plans on file
Year Plans Participants Total Assets
2022 1 4,616 $104M
2023 1 4,760 $117M
2024 1 5,147 $132M

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

IBEW Local No. 716 Retirement Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants IBEW Local No. 716 R…, Total assets ($B): 0.13161488 · Participants: 5147IBEW Local No. 716 R…AT&T Retirement Savi…, Total assets ($B): 43.121795 · Participants: 109889AT&T Retirement Savi…Exxonmobil Savings P…, Total assets ($B): 23.711 · Participants: 21990Exxonmobil Savings P…Chevron Employee Sav…, Total assets ($B): 20.378704663 · Participants: 21505Chevron Employee Sav…Caterpillar 401(k) S…, Total assets ($B): 18.81200478 · Participants: 43873Caterpillar 401(k) S…Southwest Airlines C…, Total assets ($B): 16.991748637 · Participants: 67820Southwest Airlines C…
IBEW Local No. 716 Retirement Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare IBEW Local No. 716 Retirement Plan side-by-side with 3 peers →

Scale composition for IBEW Local No. 716 Retirement Plan

IBEW Local No. 716 Retirement Plan reports $132M in end-of-year assets across 5,147 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.005% of 93,925,755 covered participants) - about $25,571 per participant (18% of the national average assets-per-participant) . Net income for plan year 2024 was $15M.

This plan identity (EIN 316620547, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $104M to $132M (+26.9%) while covered participants moved from 4,616 to 5,147 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 4,616 $104M Open filing
2023 4,760 $117M Open filing
2024 · index core 5,147 $132M This page

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to IBEW Local No. 716 Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did IBEW Local No. 716 Retirement Plan assets move in 2024? ▼
IBEW Local No. 716 Retirement Plan grew at a solid clip - up 12.4% during 2024, from $117M to $132M. Reported net income was $15M.
How have Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund's sponsor-wide assets grew 26.9%, from $104M to $132M.
Where does IBEW Local No. 716 Retirement Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 716 Retirement Plan ranks in the 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to IBEW Local No. 716 Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Aurora Operations, Inc. 401(k) Plan in PA ($132M, 1,833 participants).

Next read for IBEW Local No. 716 Retirement Plan

Filing takeaways

Ways to act on IBEW Local No. 716 Retirement Plan's numbers.

  • By total assets, IBEW Local No. 716 Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Texas. Compare plans
  • Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund's sponsor-wide assets have grown 26.9% 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 316620547.

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.