401(k) · DOL Form 5500 · 2024

Board of Trustees IBEW Local 704 Retirement Income Plan 401(k) Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
171
Participants Small participant base
84th
Percentile by assets National rank
$281,884
Avg per participant High balance/head
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Official DOL plan name: I.B.E.W. Local No. 704 401(k) Plan · Sponsored by Board of Trustees IBEW Local 704 Retirement Income Plan · Illinois · Construction

$48M in assets, 171 participants

Board of Trustees IBEW Local 704 Retirement Income Plan's I.B.E.W. Local No. 704 401(k) Plan reported $48M in total assets and 171 participants in its 2024 DOL Form 5500 filing, ranking in the 84th 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.

  • #7,418 in Construction (9,039 peers)

Coverage in Illinois

I.B.E.W. Local No. 704 401(k) Plan covers 171 participants in Illinois, about 22% of the average Illinois filer (state average ~779 per filing). Assets: $48M.

#7,418
in Construction (9,039 peers)
+10.5%
assets growth YoY
0.5×
vs typical plan assets (national mean)

I.B.E.W. Local No. 704 401(k) Plan's outsized position by total assets

I.B.E.W. Local No. 704 401(k) Plan vs every filed plan by assets

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

$48,202,125 Top 16% higher than 84% 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 No. 704 401(k) 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 No. 704 401(k) Plan sits mid-pack in the medium band (171 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • I.B.E.W. Local No. 704 401(k) Plan reported net income rose from $3M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • I.B.E.W. Local No. 704 401(k) Plan end-of-year assets rose from $44M in the plan year 2023 filing to $48M in the plan year 2024 filing.
  • I.B.E.W. Local No. 704 401(k) Plan reported participants rose from 160 in the plan year 2023 filing to 171 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 420328998 · Board of Trustees IBEW Local 704 Retirement Income Plan PY 2024 · 401(k)

I.B.E.W. Local No. 704 401(k) Plan · $48M · 171 · 84th

  • SCH $48M
  • SCH 171
  • SCH 84th
  • SCH 401(k)
  • SCH near Wexford Health Sources, Inc. Employees' Retirement Plan
  • SCH ind #7418

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 Illinois →

I.B.E.W. Local No. 704 401(k) Plan in the asset neighbourhood

Wexford Health Sources, Inc. Employees' Retirement PlanWexford Health Sources, Inc.…$48MSavings Plan for Employees of American LeatherSavings Plan for Employees o…$48MFujimi Corporation Profit Sharing & Pension PlanFujimi Corporation Profit Sh…$48MAlmatis, Inc. Savings Plan$48MI.B.E.W. Local No. 704 401(k) PlanI.B.E.W. Local No. 704 401(k…$48M
End-of-year total assets ($M) among I.B.E.W. Local No. 704 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Illinois filing particulars

Total Assets (Beginning of Year)$44M
Net Assets (End of Year)$48M
Net Income$5M
Employer EIN420328998
Plan Effective Date1993-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local 704 Retirement Income Plan)

Sponsor-wide plan assets over time

All Board of Trustees IBEW Local 704 Retirement Income Plan plans reported in each filing year

Latest sponsor-wide plan assets
$48M 20.03286613969581% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $40.2M $48.2M ▲ +20.0%
Year Plans Participants Total Assets
2022 1 189 $40M
2023 1 160 $44M
2024 1 171 $48M

Nearby 401(k) Plans in Illinois

Peer 401(k) plans, same state, same plan type, ranked by total assets.

I.B.E.W. Local No. 704 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants I.B.E.W. Local No. 704 401(k) Plan, Total assets ($B): 0.048202125 · Participants: 171I.B.E.W. Local No. 704 401(k) PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 21.302643276 · Participants: 66965Accenture United States 401(k) Match and Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 19.010099056 · Participants: 63297State Farm 401(k) Savings PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 16.835964452 · Participants: 16659United Airlines Pilot Retirement Account PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 15.755668 · Participants: 38229Abbott Laboratories Stock Retirement PlanWalgreens Retirement Savings Plan, Total assets ($B): 14.535873337 · Participants: 233635Walgreens Retirement Savings Plan
I.B.E.W. Local No. 704 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare I.B.E.W. Local No. 704 401(k) Plan side-by-side with 3 peers →

I.B.E.W. Local No. 704 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Wexford Health Sources, Inc. Employees' Retirement Plan in PA ($48M); by covered participants it is Life Tech Inc in NJ (171 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (171 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 No. 704 401(k) Plan assets move in 2024? ▼
I.B.E.W. Local No. 704 401(k) Plan grew at a solid clip - up 10.5% during 2024, from $44M to $48M. Reported net income was $5M.
How have Board of Trustees IBEW Local 704 Retirement Income Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees IBEW Local 704 Retirement Income Plan's sponsor-wide assets grew 20.0%, from $40M to $48M.
Where does I.B.E.W. Local No. 704 401(k) Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local No. 704 401(k) Plan ranks in the 84th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to I.B.E.W. Local No. 704 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wexford Health Sources, Inc. Employees' Retirement Plan in PA ($48M, 1,065 participants).
Which 401(k) plans cover a similar participant headcount to I.B.E.W. Local No. 704 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Life Tech Inc in NJ (171 participants, $60K 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 420328998.

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.