Money Purchase · DOL Form 5500 · 2024
Joint Board of Trustees of the IBEW Local 972 Pension Fund Money Purchase Plan
Data updated 2026-08-25
- $90M
- Total assets Below avg plan size
- 594
- Participants Below avg headcount
- 90th
- Percentile by assets National rank
- $151,186
- Avg per participant Above avg balance/head
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.
- #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.
- #7,172
- in Finance & Insurance (8,549 peers)
- +9.0%
- assets growth YoY
- 0.9×
- vs typical plan assets (national mean)
IBEW Local #972 Pension Plan and Trust's outsized position by total assets
IBEW Local #972 Pension Plan and Trust vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$89,804,753 Top 10% higher than 90% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
IBEW Local #972 Pension Plan and Trust 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. IBEW Local #972 Pension Plan and Trust sits mid-pack in the medium band (594 participants).
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.
Plan-year Form 5500 strip
Filing strip 310964117 · Joint Board of Trustees of the IBEW Local 972 Pension Fund PY 2024 · Money Purchase
IBEW Local #972 Pension Plan and Trust · $90M · 594 · 90th
- VS-ST $90M
- VS-ST 594
- VS-ST 90th
- VS-ST Money Purchase
- VS-ST near Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B
- VS-ST ind #7172
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 Finance & Insurance retirement plans → · Plans in Ohio →
IBEW Local #972 Pension Plan and Trust in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Joint Board of Trustees of the IBEW Local 972 Pension Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $90M 30.670450748599475% vs 2022
- 2024 filing year
| 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.
- 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
IBEW Local #972 Pension Plan and Trust's out-of-state Money Purchase peers by assets and headcount
Outside Ohio, the nearest Money Purchase by assets is Minnkota Power Cooperative, Inc. Employees Pension Plan -Plan B in ND ($90M); by covered participants it is Laborers Local 235 Annuity Fund in NY (591 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($90M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (594 participants); asset peers above are excluded.
- Laborers Local 235 Annuity Fund (NY) 591 · 3 off
- Rosalind Franklin University of Medicine and Science Qualified Money Purchase Pension Plan and Trust (IL) 590 · 4 off
- Hotel & Restaurant Industry Restated Pension Plan (WI) 586 · 8 off
- Retirement Plan for Faculty, Administrative and Professional Employees of University of Scranton (PA) 602 · 8 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.