Money Purchase · DOL Form 5500 · 2024

IBEW Lu # 654 Pension Fund Trustees Money Purchase Plan

Data updated 2026-08-25

$157M
Total assets Near avg plan size
447
Participants Below avg headcount
93rd
Percentile by assets National rank
$351,660
Avg per participant High balance/head
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Official DOL plan name: I.B.E.W. Local Union # 654 Defined Contribution Plan · Sponsored by IBEW Lu # 654 Pension Fund Trustees · New Jersey · Construction

$157M in assets, 447 participants

IBEW Lu # 654 Pension Fund Trustees's I.B.E.W. Local Union # 654 Defined Contribution Plan reported $157M in total assets and 447 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.

  • #8,302 in Construction (9,039 peers)

Where I.B.E.W. Local Union # 654 Defined Contribution Plan sits by assets

I.B.E.W. Local Union # 654 Defined Contribution Plan sits in the top 10% of all filed plans by assets, $157M for 447 participants (~$351,660/participant), up 13.4% in 2024.

#8,302
in Construction (9,039 peers)
+13.4%
assets growth YoY
1.6×
vs typical plan assets (national mean)

I.B.E.W. Local Union # 654 Defined Contribution Plan's outsized position by total assets

I.B.E.W. Local Union # 654 Defined Contribution Plan vs every filed plan by assets

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

$157,192,087 Top 7% higher than 93% of 123,620 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 2024

I.B.E.W. Local Union # 654 Defined Contribution Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. I.B.E.W. Local Union # 654 Defined Contribution Plan sits mid-pack in the medium band (447 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • I.B.E.W. Local Union # 654 Defined Contribution Plan reported net income fell from $22M in the plan year 2023 filing to $18M in the plan year 2024 filing.
  • I.B.E.W. Local Union # 654 Defined Contribution Plan end-of-year assets rose from $139M in the plan year 2023 filing to $157M in the plan year 2024 filing.
  • I.B.E.W. Local Union # 654 Defined Contribution Plan reported participants rose from 438 in the plan year 2023 filing to 447 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 236538183 · IBEW Lu # 654 Pension Fund Trustees PY 2024 · Money Purchase

I.B.E.W. Local Union # 654 Defined Contribution Plan · $157M · 447 · 93rd

  • PCT $157M
  • EIN 447
  • RANK 93rd
  • PHOTO Money Purchase
  • IND near Defined Contribution Plan of the Agc-Iuoe Local 701 Pension Trust Fund
  • EOY ind #8302

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 New Jersey →

I.B.E.W. Local Union # 654 Defined Contribution Plan in the asset neighbourhood

Defined Contribution Plan of the Agc-Iuoe Local 701 Pension Trust FundDefined Contribution Plan of…$157MI.B.E.W. Local Union # 654 Defined Contribution PlanI.B.E.W. Local Union # 654 D…$157MBoilermakers Lodge 154 Retirement PlanBoilermakers Lodge 154 Retir…$157MCarolina Electrical Workers Retirement FundCarolina Electrical Workers …$154MRetirement Plan for Faculty, Administrative and Professional Employees of University of ScrantonRetirement Plan for Faculty,…$154M
End-of-year total assets ($M) among I.B.E.W. Local Union # 654 Defined Contribution Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$139M
Net Assets (End of Year)$157M
Net Income$18M
Employer EIN236538183
Plan Effective Date1980-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Lu # 654 Pension Fund Trustees)

Sponsor-wide plan assets over time

All IBEW Lu # 654 Pension Fund Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$309M 25.598996966367814% vs 2022
2024 filing year
$220M$240M$260M$280M$300M$320M 202220232024 $246M $309M ▲ +25.6%
Year Plans Participants Total Assets
2022 2 845 $246M
2023 2 849 $278M
2024 2 857 $309M

Nearby Money Purchase Plans in New Jersey

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

I.B.E.W. Local Union # 654 Defined Contribution Plan vs. nearby Money Purchase plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 0200040006000800010000 00.511.522.53 Total assets ($B) Participants I.B.E.W. Local Union # 654 Defined Contribution Plan, Total assets ($B): 0.157192087 · Participants: 447I.B.E.W. Local Union # 654 Defined Contribution PlanPrinceton University Retirement Plan, Total assets ($B): 2.402818313 · Participants: 8833Princeton University Retirement PlanLocal 68 Engineers Union Annuity Plan, Total assets ($B): 0.97127775 · Participants: 5385Local 68 Engineers Union Annuity PlanNysa-Ila Money Purchase Pension Fund and Plan, Total assets ($B): 0.936178353 · Participants: 4689Nysa-Ila Money Purchase Pension Fund and PlanEducational Testing Service 401(a) Retirement Plan, Total assets ($B): 0.593062355 · Participants: 3097Educational Testing Service 401(a) Retirement PlanIronworkers Local 11 Annuity Fund, Total assets ($B): 0.394941492 · Participants: 1148Ironworkers Local 11 Annuity Fund
I.B.E.W. Local Union # 654 Defined Contribution Plan vs. nearby Money Purchase plans in New Jersey, assets vs. participants
Compare I.B.E.W. Local Union # 654 Defined Contribution Plan side-by-side with 3 peers →

I.B.E.W. Local Union # 654 Defined Contribution Plan's out-of-state Money Purchase peers by assets and headcount

Outside New Jersey, the nearest Money Purchase by assets is Defined Contribution Plan of the Agc-Iuoe Local 701 Pension Trust Fund in WA ($157M); by covered participants it is Tilesetters and Finishers of Northern Califor Nia Joint Supplemental Plan in CA (447 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did I.B.E.W. Local Union # 654 Defined Contribution Plan assets move in 2024? ▼
I.B.E.W. Local Union # 654 Defined Contribution Plan grew at a solid clip - up 13.4% during 2024, from $139M to $157M. Reported net income was $18M.
How have IBEW Lu # 654 Pension Fund Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Lu # 654 Pension Fund Trustees's sponsor-wide assets grew 25.6%, from $246M to $309M.
Where does I.B.E.W. Local Union # 654 Defined Contribution Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local Union # 654 Defined Contribution Plan ranks in the 93rd 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 Money Purchase plans are similar in size to I.B.E.W. Local Union # 654 Defined Contribution Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Defined Contribution Plan of the Agc-Iuoe Local 701 Pension Trust Fund in WA ($157M, 4,204 participants).
Which Money Purchase plans cover a similar participant headcount to I.B.E.W. Local Union # 654 Defined Contribution Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Tilesetters and Finishers of Northern Califor Nia Joint Supplemental Plan in CA (447 participants, $9M in assets).

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 236538183.

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.