Defined Benefit (Pension) · DOL Form 5500 · 2023

Joint Board of Trustees Electrical Workers Local 103 IBEW Pension Plan

Data updated 2026-08-25

$1.9B
Total assets Very large vs avg
6,014
Participants Above avg headcount
99th
Percentile by assets National rank
$314,433
Avg per participant High balance/head
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Official DOL plan name: Electrical Workers Pension Plan Local 103 I.B.E.W. · Sponsored by Joint Board of Trustees Electrical Workers Local 103 IBEW · Massachusetts · Construction

$1.9B in assets, 6,014 participants

Joint Board of Trustees Electrical Workers Local 103 IBEW's Electrical Workers Pension Plan Local 103 I.B.E.W. reported $1.9B in total assets and 6,014 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #8,976 in Construction (9,030 peers)

Coverage in Massachusetts

Electrical Workers Pension Plan Local 103 I.B.E.W. covers 6,014 participants in Massachusetts, 9.1x the typical Massachusetts plan (state average ~659 per filing). Assets: $1.9B.

#8,976
in Construction (9,030 peers)
+14.8%
assets growth YoY
19×
vs typical plan assets (national mean)

Electrical Workers Pension Plan Local 103 I.B.E.W.'s outsized position by total assets

Electrical Workers Pension Plan Local 103 I.B.E.W. vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,891,001,787 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 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 2023

Electrical Workers Pension Plan Local 103 I.B.E.W.'s large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Electrical Workers Pension Plan Local 103 I.B.E.W. lands in the large band (6,014 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Electrical Workers Pension Plan Local 103 I.B.E.W. reported net income rose from $52M in the plan year 2022 filing to $268M in the plan year 2023 filing.
  • Electrical Workers Pension Plan Local 103 I.B.E.W. end-of-year assets rose from $1.6B in the plan year 2022 filing to $1.9B in the plan year 2023 filing.
  • Electrical Workers Pension Plan Local 103 I.B.E.W. reported participants rose from 5,947 in the plan year 2022 filing to 6,014 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 046063734 · Joint Board of Trustees Electrical Workers Local 103 IBEW PY 2023 · Defined Benefit (Pension)

Electrical Workers Pension Plan Local 103 I.B.E.W. · $1.9B · 6,014 · 99th

  • EBSA $1.9B
  • PART 6,014
  • TYPE 99th
  • NET Defined Benefit (Pension)
  • BOOK near Danaher Corporation & Subsidiaries Pension Plan
  • VS-ST ind #8976

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Massachusetts →

Electrical Workers Pension Plan Local 103 I.B.E.W. in the asset neighbourhood

Hess Corporation Employees' Pension PlanHess Corporation Employees' …$1.9BElectrical Workers Pension Plan Local 103 I.B.E.W.Electrical Workers Pension P…$1.9BDanaher Corporation & Subsidiaries Pension PlanDanaher Corporation & Subsid…$1.9BCna Retirement Plan$1.9BTwin City Carpenters and Joiners Pension FundTwin City Carpenters and Joi…$1.9B
End-of-year total assets ($B) among Electrical Workers Pension Plan Local 103 I.B.E.W. and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$1.6B
Net Assets (End of Year)$1.8B
Net Income$268M
Employer EIN046063734
Plan Effective Date1958-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Joint Board of Trustees Electrical Workers Local 103 IBEW)

Sponsor-wide plan assets over time

All Joint Board of Trustees Electrical Workers Local 103 IBEW plans reported in each filing year

Latest sponsor-wide plan assets
$1.9B 14.793305930422493% vs 2022
2023 filing year
$1.6B$1.7B$1.8B$1.9B$2B 20222023 $1.65B $1.89B ▲ +14.5%
Year Plans Participants Total Assets
2022 1 5,947 $1.6B
2023 1 6,014 $1.9B

Nearby Defined Benefit (Pension) Plans in Massachusetts

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

Electrical Workers Pension Plan Local 103 I.B.E.W. vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 020000400006000080000 024681012 Total assets ($B) Participants Electrical Workers Pension Plan Local 103 I.B.E.W., Total assets ($B): 1.891001787 · Participants: 6014Electrical Workers Pension Plan Local 103 I.B.E.W.Consolidated Cash Balance Program of Mass General Brigham and Member Organizations, Total assets ($B): 10.325856564 · Participants: 58745Consolidated Cash Balance Program of Mass General Brigham and Member OrganizationsNew England Teamsters Pension Fund, Total assets ($B): 9.092299586 · Participants: 21786New England Teamsters Pension FundLiberty Mutual Retirement Benefit Plan, Total assets ($B): 6.892259637 · Participants: 37145Liberty Mutual Retirement Benefit PlanMassachusetts Institute of Technology Basic Retirement Plan, Total assets ($B): 5.381626447 · Participants: 11888Massachusetts Institute of Technology Basic Retirement PlanN. Atlantic States Carp. Pension Fund, Total assets ($B): 4.973349354 · Participants: 17166N. Atlantic States Carp. Pension Fund
Electrical Workers Pension Plan Local 103 I.B.E.W. vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare Electrical Workers Pension Plan Local 103 I.B.E.W. side-by-side with 3 peers →

Electrical Workers Pension Plan Local 103 I.B.E.W.'s out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Danaher Corporation & Subsidiaries Pension Plan in DC ($1.9B); by covered participants it is Local 804 I.B.T. and Local 447 I.a.M. - UPS Multi-Employer Retirement Plan in GA (6,026 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (6,014 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Electrical Workers Pension Plan Local 103 I.B.E.W. assets move in 2023? ▼
Electrical Workers Pension Plan Local 103 I.B.E.W. grew at a solid clip - up 14.8% during 2023, from $1.6B to $1.9B. Reported net income was $268M.
How have Joint Board of Trustees Electrical Workers Local 103 IBEW plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Joint Board of Trustees Electrical Workers Local 103 IBEW's sponsor-wide assets grew 14.8%, from $1.6B to $1.9B.
Where does Electrical Workers Pension Plan Local 103 I.B.E.W. rank by assets among Form 5500 filers? ▼
Electrical Workers Pension Plan Local 103 I.B.E.W. ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Electrical Workers Pension Plan Local 103 I.B.E.W.? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Danaher Corporation & Subsidiaries Pension Plan in DC ($1.9B, 3,354 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Electrical Workers Pension Plan Local 103 I.B.E.W.? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Local 804 I.B.T. and Local 447 I.a.M. - UPS Multi-Employer Retirement Plan in GA (6,026 participants, $2.1B in assets).

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 046063734.

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.