Money Purchase · DOL Form 5500 · 2024

IBEW Local No. 223 Union Money Purchase Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
631
Participants Below avg headcount
77th
Percentile by assets National rank
$47,916
Avg per participant Low balance/head
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Official DOL plan name: IBEW Local No. 223 Deferred Income Plan · Sponsored by IBEW Local No. 223 Union · Connecticut · Construction

$30M in assets, 631 participants

IBEW Local No. 223 Union's IBEW Local No. 223 Deferred Income Plan reported $30M in total assets and 631 participants in its 2024 DOL Form 5500 filing, ranking in the 77th 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.

  • #6,875 in Construction (9,039 peers)

Where IBEW Local No. 223 Deferred Income Plan sits by assets

IBEW Local No. 223 Deferred Income Plan sits in the top quartile of all filed plans by assets, $30M for 631 participants (~$47,916/participant), up 9.9% in 2024.

#6,875
in Construction (9,039 peers)
+9.9%
assets growth YoY
0.3×
vs typical plan assets (national mean)

IBEW Local No. 223 Deferred Income Plan's outsized position by total assets

IBEW Local No. 223 Deferred Income Plan vs every filed plan by assets

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

$30,235,031 Top 23% higher than 77% 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 No. 223 Deferred Income 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. IBEW Local No. 223 Deferred Income Plan sits mid-pack in the medium band (631 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local No. 223 Deferred Income Plan reported net income fell from $4M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • IBEW Local No. 223 Deferred Income Plan reported participants rose from 556 in the plan year 2023 filing to 631 in the plan year 2024 filing.
  • IBEW Local No. 223 Deferred Income Plan end-of-year assets rose from $28M in the plan year 2023 filing to $30M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 041472089 · IBEW Local No. 223 Union PY 2024 · Money Purchase

IBEW Local No. 223 Deferred Income Plan · $30M · 631 · 77th

  • RANK $30M
  • PHOTO 631
  • IND 77th
  • EOY Money Purchase
  • 5500 near Laborers' Local #157 Annuity Fund
  • ASSETS ind #6875

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 Connecticut →

IBEW Local No. 223 Deferred Income Plan in the asset neighbourhood

Mbku 401(a) Retirement Plan$31MCalifornia State University - Long Beach Research Foundation 403(b) Defined Contribution Retirement PlanCalifornia State University …$31MQuality Insights Inc. Money Purchase PensionQuality Insights Inc. Money …$30MLaborers' Local #157 Annuity FundLaborers' Local #157 Annuity…$30MIBEW Local No. 223 Deferred Income PlanIBEW Local No. 223 Deferred …$30M
End-of-year total assets ($M) among IBEW Local No. 223 Deferred Income Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$30M
Net Income$3M
Employer EIN041472089
Plan Effective Date1988-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local No. 223 Union)

Sponsor-wide plan assets over time

All IBEW Local No. 223 Union plans reported in each filing year

Latest sponsor-wide plan assets
$30M 27.866022934746994% vs 2022
2024 filing year
$22M$24M$26M$28M$30M$32M 202220232024 $23.7M $30.2M ▲ +27.9%
Year Plans Participants Total Assets
2022 1 530 $24M
2023 1 556 $28M
2024 1 631 $30M

Nearby Money Purchase Plans in Connecticut

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

IBEW Local No. 223 Deferred Income Plan vs. nearby Money Purchase plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20002004006008001000 Total assets ($M) Participants IBEW Local No. 223 Deferred Income Plan, Total assets ($M): 30.235031 · Participants: 631IBEW Local No. 223 Deferred Income PlanNew England Electrical Workers Money Purchase Plan and Trust, Total assets ($M): 870.342846 · Participants: 9637New England Electrical Workers Money Purchase Plan and TrustEquinor US Holdings Inc. Money Purchase Pension Plan, Total assets ($M): 199.628221 · Participants: 683Equinor US Holdings Inc. Money Purchase Pension PlanSouthern Ct IBEW Annuity Plan, Total assets ($M): 86.006269 · Participants: 477Southern Ct IBEW Annuity PlanMoney Purchase Retirement Plan of U.a. Local 716, Total assets ($M): 36.900134 · Participants: 340Money Purchase Retirement Plan of U.a. Local 716Thames Valley Council for Community Action, Inc. Money Purchase Pension Plan, Total assets ($M): 12.04857 · Participants: 120Thames Valley Council for Community Action, Inc. Money Purchase Pension Plan
IBEW Local No. 223 Deferred Income Plan vs. nearby Money Purchase plans in Connecticut, assets vs. participants
Compare IBEW Local No. 223 Deferred Income Plan side-by-side with 3 peers →

IBEW Local No. 223 Deferred Income Plan's out-of-state Money Purchase peers by assets and headcount

Outside Connecticut, the nearest Money Purchase by assets is Laborers' Local #157 Annuity Fund in NY ($30M); by covered participants it is Plumbers & Steamfitters Local 565 Pension Plan in WV (632 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (631 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 No. 223 Deferred Income Plan assets move in 2024? ▼
IBEW Local No. 223 Deferred Income Plan grew at a solid clip - up 9.9% during 2024, from $28M to $30M. Reported net income was $3M.
How have IBEW Local No. 223 Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local No. 223 Union's sponsor-wide assets grew 27.9%, from $24M to $30M.
Where does IBEW Local No. 223 Deferred Income Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 223 Deferred Income Plan ranks in the 77th 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 Money Purchase plans are similar in size to IBEW Local No. 223 Deferred Income Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Laborers' Local #157 Annuity Fund in NY ($30M, 1,295 participants).
Which Money Purchase plans cover a similar participant headcount to IBEW Local No. 223 Deferred Income Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Plumbers & Steamfitters Local 565 Pension Plan in WV (632 participants, $35M 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 041472089.

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.