401(k) · DOL Form 5500 · 2024

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

Data updated 2026-08-11

$48M
Total assets: 171
Participants: 84th
Percentile by assets: $281,884
Avg per participant

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.

84th percentile by assets (of 123,622 plans)
#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.

$48M
total plan assets (2024 EOY): 171
covered participants: 84th
percentile by assets (of 123,622 plans): $281,884
avg assets per participant

Where I.B.E.W. Local No. 704 401(k) Plan sits 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

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 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 →

State

Illinois

Industry

Construction

Participants vs Illinois filers

In Illinois, the average filing covers about 779 participants across 5,745 plans. I.B.E.W. Local No. 704 401(k) Plan reports 171 participants - about 22% of that state average ($48M EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)	$44M
Net Assets (End of Year)	$48M
Net Income	$5M
Employer EIN	420328998
Plan Effective Date	1993-09-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Board of Trustees IBEW Local 704 Retirement Income Plan plans on file

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

Accenture United States 401(k) Match and Savings Plan $21.3B · 66,965
State Farm 401(k) Savings Plan $19.0B · 63,297
United Airlines Pilot Retirement Account Plan $16.8B · 16,659
Abbott Laboratories Stock Retirement Plan $15.8B · 38,229
Walgreens Retirement Savings Plan $14.5B · 233,635

Compare I.B.E.W. Local No. 704 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to I.B.E.W. Local No. 704 401(k) Plan by total assets, not by location.

Wexford Health Sources, Inc. Employees' Retirement Plan (PA) $48M · 1,065
Savings Plan for Employees of American Leather (TX) $48M · 1,204
Fujimi Corporation Profit Sharing & Pension Plan (OR) $48M · 124
Almatis, Inc. Savings Plan (AR) $48M · 227

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).

Next read for I.B.E.W. Local No. 704 401(k) Plan

Filing takeaways

Ways to act on I.B.E.W. Local No. 704 401(k) Plan's numbers.

By total assets, I.B.E.W. Local No. 704 401(k) Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Illinois. Compare plans
Board of Trustees IBEW Local 704 Retirement Income Plan's sponsor-wide assets have grown 20.0% since 2022 across 3 plan years on file. More Construction plans

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.