I.B.E.W. Local 246 Retirement Plan

401(k) · DOL Form 5500 · 2023

What the Filing Says About I.B.E.W. Local 246 Retirement Plan

I.B.E.W. Local 246 Retirement Plan is a 401(k) retirement plan sponsored by I.B.E.W. Local 246 Retirement Plan Board of Trustees, headquartered in Ohio. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $28M in total end-of-year assets and covers 652 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 341302212, and the plan has been effective since 1979-12-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets edged up modestly from $27M at the beginning of 2023 to $28M at year-end - up 3.7%. Net assets (after liabilities) closed the year at $28M, with reported net income of $979K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Across the 2 plan years I.B.E.W. Local 246 Retirement Plan Board of Trustees has on file with PlainRetire (2022-2023), sponsor-wide plan assets have moved from $27M to $28M, a gain of 3.7%, while reported participants moved from 597 to 652 (+9.2%). Year-by-year, sponsor-wide filings show: 2022 - $27M in assets across 1 plan covering 597 participants; 2023 - $28M in assets across 1 plan covering 652 participants.

By assets, I.B.E.W. Local 246 Retirement Plan outranks 78% of the 126,618 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.3x the national average plan size of $100M and 730 average participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank I.B.E.W. Local 246 Retirement Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.