Money Purchase · DOL Form 5500 · 2024
Joint Board of Trustees of the IBEW Local 972 Pension Fund Money Purchase Plan
Data updated 2026-08-11
- $90M
- Total assets
- 594
- Participants
- 90th
- Percentile by assets
- $151,186
- Avg per participant
Official DOL plan name: IBEW Local #972 Pension Plan and Trust · Sponsored by Joint Board of Trustees of the IBEW Local 972 Pension Fund · Ohio · Finance & Insurance
$90M in assets, 594 participants
Joint Board of Trustees of the IBEW Local 972 Pension Fund's IBEW Local #972 Pension Plan and Trust reported $90M in total assets and 594 participants in its 2024 DOL Form 5500 filing, ranking in the 90th 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.
- 90th percentile by assets (of 123,622 plans)
- #7,172 in Finance & Insurance (8,549 peers)
Where IBEW Local #972 Pension Plan and Trust sits by assets
IBEW Local #972 Pension Plan and Trust sits in the top 10% of all filed plans by assets, $90M for 594 participants (~$151,186/participant), up 9.0% in 2024.
- $90M
- total plan assets (2024 EOY)
- 594
- covered participants
- 90th
- percentile by assets (of 123,622 plans)
- $151,186
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local #972 Pension Plan and Trust reported net income fell from $14M in the plan year 2023 filing to $7M in the plan year 2024 filing.
- IBEW Local #972 Pension Plan and Trust end-of-year assets rose from $82M in the plan year 2023 filing to $90M in the plan year 2024 filing.
IBEW Local #972 Pension Plan and Trust vs the 2024 asset distribution
By assets, IBEW Local #972 Pension Plan and Trust outranks 90% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.9x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $82M |
|---|---|
| Net Assets (End of Year) | $90M |
| Net Income | $7M |
| Employer EIN | 310964117 |
| Plan Effective Date | 1979-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Joint Board of Trustees of the IBEW Local 972 Pension Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 591 | $69M |
| 2023 | 1 | 595 | $82M |
| 2024 | 1 | 594 | $90M |
Nearby Money Purchase Plans in Ohio
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
IBEW Local #972 Pension Plan and Trust vs. nearby Money Purchase plans in Ohio, assets vs. participants
- The Sherwin-Williams Company Salaried Employees' Revised Pension Investment Plan $1.7B · 47,538
- The Cleveland Clinic Foundation Cash Balance Plan $1.6B · 4,957
- Iron Workers District Council of So Oh & Vicinity Annuity Trust $533M · 7,205
- University of Dayton Defined Contribution Retirement Plan $382M · 3,130
- Northwestern Ohio Plumbers and Pipefitters Retirement and Trust $376M · 2,118
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to IBEW Local #972 Pension Plan and Trust by total assets, not by location.
- Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B (ND) $90M · 377
- Augustana College Defined Contribution Retirement Plan (IL) $90M · 231
- Shopmen's Iron Workers Retirement Fund of Southern California (CA) $89M · 317
- Institute for Advanced Study Defined Contribution Retirement Plan (NJ) $90M · 202
Frequently Asked Questions
How did IBEW Local #972 Pension Plan and Trust assets move in 2024? ▼
How have Joint Board of Trustees of the IBEW Local 972 Pension Fund plan assets changed over time? ▼
Where does IBEW Local #972 Pension Plan and Trust rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to IBEW Local #972 Pension Plan and Trust? ▼
Next read for IBEW Local #972 Pension Plan and Trust
Scale reading
Ways to act on IBEW Local #972 Pension Plan and Trust's numbers.
- By total assets, IBEW Local #972 Pension Plan and Trust ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in Ohio. Compare plans
- Joint Board of Trustees of the IBEW Local 972 Pension Fund's sponsor-wide assets have grown 30.7% since 2022 across 3 plan years on file. More Finance & Insurance plans