Defined Benefit (Pension) · DOL Form 5500 · 2024

IBEW Lu 654 Pension Fund Trustees Pension Plan

Data updated 2026-08-25

$152M
Total assets Near avg plan size
410
Participants Below avg headcount
93rd
Percentile by assets National rank
$369,862
Avg per participant High balance/head
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Official DOL plan name: I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan · Sponsored by IBEW Lu 654 Pension Fund Trustees · New Jersey · Construction

$152M in assets, 410 participants

IBEW Lu 654 Pension Fund Trustees's I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan reported $152M in total assets and 410 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.

  • #8,277 in Construction (9,039 peers)

Coverage in New Jersey

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan covers 410 participants in New Jersey, about 49% of the average New Jersey filer (state average ~844 per filing). Assets: $152M.

#8,277
in Construction (9,039 peers)
+8.9%
assets growth YoY
1.5×
vs typical plan assets (national mean)

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

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

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

$151,643,362 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 Benefit Pension 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 Benefit Pension Plan sits mid-pack in the medium band (410 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan reported net income rose from $10M in the plan year 2023 filing to $12M in the plan year 2024 filing.
  • I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan end-of-year assets rose from $139M in the plan year 2023 filing to $152M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 236538183 · IBEW Lu 654 Pension Fund Trustees PY 2024 · Defined Benefit (Pension)

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan · $152M · 410 · 93rd

  • BOY $152M
  • BOY 410
  • BOY 93rd
  • BOY Defined Benefit (Pension)
  • BOY near Opeiu Locals 30 & 537 Retirement Fund
  • BOY ind #8277

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 Benefit Pension Plan in the asset neighbourhood

Idaho Operating Engineers Employers Pension PlanIdaho Operating Engineers Em…$152MAm General Hourly Retirement PlanAm General Hourly Retirement…$152MNelson Mullins Riley & Scarborough LLP Cash Balance Retirement PlanNelson Mullins Riley & Scarb…$152MOpeiu Locals 30 & 537 Retirement FundOpeiu Locals 30 & 537 Retire…$152MI.B.E.W. Local Union # 654 - Defined Benefit Pension PlanI.B.E.W. Local Union # 654 -…$152M
End-of-year total assets ($M) among I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New Jersey filing particulars

Total Assets (Beginning of Year)$139M
Net Assets (End of Year)$152M
Net Income$12M
Employer EIN236538183
Plan Effective Date1967-06-01
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 Defined Benefit (Pension) Plans in New Jersey

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

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan, Total assets ($B): 0.151643362 · Participants: 410I.B.E.W. Local Union # 654 - Defined Benefit Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 21.095569114 · Participants: 37882Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.066557714 · Participants: 83812JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 12.855309 · Participants: 7280Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.025028912 · Participants: 16233The Prudential Merged Retirement PlanMerck US Pension Plan, Total assets ($B): 10.090083286 · Participants: 26843Merck US Pension Plan
I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan side-by-side with 3 peers →

I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Opeiu Locals 30 & 537 Retirement Fund in CA ($152M); by covered participants it is Doosan Pension Plan Number One in ND (410 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (410 participants); asset peers above are excluded.

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 Benefit Pension Plan assets move in 2024? ▼
I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan grew at a solid clip - up 8.9% during 2024, from $139M to $152M. Reported net income was $12M.
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 Benefit Pension Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local Union # 654 - Defined Benefit Pension 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 Defined Benefit (Pension) plans are similar in size to I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Opeiu Locals 30 & 537 Retirement Fund in CA ($152M, 578 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Doosan Pension Plan Number One in ND (410 participants, $55M 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.