Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees Local 351 Pension Fund Pension Plan

Data updated 2026-08-25

$542M
Total assets Above avg plan size
1,603
Participants Near avg headcount
97th
Percentile by assets National rank
$338,216
Avg per participant High balance/head
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Official DOL plan name: Local 351 IBEW Pension Plan · Sponsored by Board of Trustees Local 351 Pension Fund · New Jersey · Construction

$542M in assets, 1,603 participants

Board of Trustees Local 351 Pension Fund's Local 351 IBEW Pension Plan reported $542M in total assets and 1,603 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,779 in Construction (9,039 peers)

Where Local 351 IBEW Pension Plan sits by assets

Local 351 IBEW Pension Plan sits in the top 5% of all filed plans by assets, $542M for 1,603 participants (~$338,216/participant), up 7.7% in 2024.

#8,779
in Construction (9,039 peers)
+7.7%
assets growth YoY
5.4×
vs typical plan assets (national mean)

Local 351 IBEW Pension Plan's outsized position by total assets

Local 351 IBEW Pension Plan vs every filed plan by assets

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

$542,159,550 Top 3% higher than 97% 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

Local 351 IBEW Pension Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local 351 IBEW Pension Plan lands in the large band (1,603 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Local 351 IBEW Pension Plan reported net income fell from $53M in the plan year 2023 filing to $39M in the plan year 2024 filing.
  • Local 351 IBEW Pension Plan reported participants fell from 2,003 in the plan year 2023 filing to 1,603 in the plan year 2024 filing.
  • Local 351 IBEW Pension Plan end-of-year assets rose from $503M in the plan year 2023 filing to $542M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 223417366 · Board of Trustees Local 351 Pension Fund PY 2024 · Defined Benefit (Pension)

Local 351 IBEW Pension Plan · $542M · 1,603 · 97th

  • VS-ST $542M
  • BOY 1,603
  • SCH 97th
  • EBSA Defined Benefit (Pension)
  • PART near Pension Fund of Cement Masons Union Local No. 502
  • TYPE ind #8779

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 →

Local 351 IBEW Pension Plan in the asset neighbourhood

Michigan Electrical Employees' Pension PlanMichigan Electrical Employee…$545MTenth Amended & Restated Owens-Illinois Hourly Retirement PlanTenth Amended & Restated Owe…$544MAdministrative District Council 1 Pension FundAdministrative District Coun…$544MLocal 351 IBEW Pension Plan$542MPension Fund of Cement Masons Union Local No. 502Pension Fund of Cement Mason…$541M
End-of-year total assets ($M) among Local 351 IBEW Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$503M
Net Assets (End of Year)$541M
Net Income$39M
Employer EIN223417366
Plan Effective Date1995-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Local 351 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees Local 351 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$542M 20.39912075169087% vs 2022
2024 filing year
$400M$450M$500M$550M$600M 202220232024 $450M $542M ▲ +20.4%
Year Plans Participants Total Assets
2022 1 2,011 $450M
2023 1 2,003 $503M
2024 1 1,603 $542M

Nearby Defined Benefit (Pension) Plans in New Jersey

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

Local 351 IBEW Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Local 351 IBEW Pension Plan, Total assets ($B): 0.54215955 · Participants: 1603Local 351 IBEW 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
Local 351 IBEW Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Local 351 IBEW Pension Plan side-by-side with 3 peers →

Local 351 IBEW 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 Pension Fund of Cement Masons Union Local No. 502 in IL ($541M); by covered participants it is Schneider Electric Pension Plan in IL (1,602 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,603 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 Local 351 IBEW Pension Plan assets move in 2024? ▼
Local 351 IBEW Pension Plan grew at a solid clip - up 7.7% during 2024, from $503M to $542M. Reported net income was $39M.
How have Board of Trustees Local 351 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Local 351 Pension Fund's sponsor-wide assets grew 20.4%, from $450M to $542M.
Where does Local 351 IBEW Pension Plan rank by assets among Form 5500 filers? ▼
Local 351 IBEW Pension Plan ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Local 351 IBEW Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Fund of Cement Masons Union Local No. 502 in IL ($541M, 1,243 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Local 351 IBEW Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Schneider Electric Pension Plan in IL (1,602 participants, $48M 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 223417366.

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.