Defined Benefit (Pension) · DOL Form 5500 · 2024

IBEW Local 1249 Pension Fund Board of Trustees Pension Plan

Data updated 2026-08-25

$665M
Total assets Above avg plan size
3,243
Participants Above avg headcount
98th
Percentile by assets National rank
$205,185
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local 1249 Pension Plan · Sponsored by IBEW Local 1249 Pension Fund Board of Trustees · New York · Construction

$665M in assets, 3,243 participants

IBEW Local 1249 Pension Fund Board of Trustees's IBEW Local 1249 Pension Plan reported $665M in total assets and 3,243 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

  • #8,832 in Construction (9,039 peers)

Coverage in New York

IBEW Local 1249 Pension Plan covers 3,243 participants in New York, 4.1x the typical New York plan (state average ~798 per filing). Assets: $665M.

#8,832
in Construction (9,039 peers)
+16.4%
assets growth YoY
6.7×
vs typical plan assets (national mean)

IBEW Local 1249 Pension Plan's outsized position by total assets

IBEW Local 1249 Pension Plan vs every filed plan by assets

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

$665,414,260 Top 2% higher than 98% 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

IBEW Local 1249 Pension Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 1249 Pension Plan lands in the large band (3,243 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local 1249 Pension Plan end-of-year assets rose from $572M in the plan year 2023 filing to $665M in the plan year 2024 filing.
  • IBEW Local 1249 Pension Plan reported participants rose from 3,036 in the plan year 2023 filing to 3,243 in the plan year 2024 filing.
  • IBEW Local 1249 Pension Plan reported net income rose from $89M in the plan year 2023 filing to $94M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 156035161 · IBEW Local 1249 Pension Fund Board of Trustees PY 2024 · Defined Benefit (Pension)

IBEW Local 1249 Pension Plan · $665M · 3,243 · 98th

  • 5500 $665M
  • 5500 3,243
  • 5500 98th
  • 5500 Defined Benefit (Pension)
  • 5500 near Structural Iw Local #1 Pension Plan
  • 5500 ind #8832

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 New York →

IBEW Local 1249 Pension Plan in the asset neighbourhood

Penske Cash Balance Benefit PlanPenske Cash Balance Benefit …$668MSanofi US Group Pension Plan$668MAdm Retirement Plan$667MIBEW Local 1249 Pension Plan$665MStructural Iw Local #1 Pension PlanStructural Iw Local #1 Pensi…$664M
End-of-year total assets ($M) among IBEW Local 1249 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$572M
Net Assets (End of Year)$664M
Net Income$94M
Employer EIN156035161
Plan Effective Date1962-07-03
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 1249 Pension Fund Board of Trustees)

Sponsor-wide plan assets over time

All IBEW Local 1249 Pension Fund Board of Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$665M 36.79074657031843% vs 2022
2024 filing year
$400M$500M$600M$700M 202220232024 $486M $665M ▲ +36.8%
Year Plans Participants Total Assets
2022 1 2,964 $486M
2023 1 3,036 $572M
2024 1 3,243 $665M

Nearby Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

IBEW Local 1249 Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants IBEW Local 1249 Pension Plan, Total assets ($B): 0.66541426 · Participants: 3243IBEW Local 1249 Pension PlanIBM Personal Pension Plan, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care Employees Pension FundConsolidated Edison Retirement Plan, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison Retirement PlanPfizer Consolidated Pension Plan, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated Pension PlanGE Energy Pension Plan, Total assets ($B): 8.92290143 · Participants: 5829GE Energy Pension Plan
IBEW Local 1249 Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare IBEW Local 1249 Pension Plan side-by-side with 3 peers →

IBEW Local 1249 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Structural Iw Local #1 Pension Plan in IL ($664M); by covered participants it is Minneapolis Retail Meat Cutters and Food Handlers Variable Annuity Pension Plan in MN (3,247 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($665M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,243 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 IBEW Local 1249 Pension Plan assets move in 2024? ▼
IBEW Local 1249 Pension Plan grew sharply - up 16.4% during 2024, from $572M to $665M. Reported net income was $94M.
How have IBEW Local 1249 Pension Fund Board of Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local 1249 Pension Fund Board of Trustees's sponsor-wide assets grew 36.8%, from $486M to $665M.
Where does IBEW Local 1249 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 1249 Pension Plan ranks in the 98th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to IBEW Local 1249 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Structural Iw Local #1 Pension Plan in IL ($664M, 1,224 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 1249 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Minneapolis Retail Meat Cutters and Food Handlers Variable Annuity Pension Plan in MN (3,247 participants, $29M 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 156035161.

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.