Defined Benefit (Pension) · DOL Form 5500 · 2024

IBEW Local No. 223 Union Pension Plan

Data updated 2026-08-25

$69M
Total assets Below avg plan size
317
Participants Below avg headcount
87th
Percentile by assets National rank
$219,058
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local No. 223 Pension · Sponsored by IBEW Local No. 223 Union · Connecticut · Construction

$69M in assets, 317 participants

IBEW Local No. 223 Union's IBEW Local No. 223 Pension reported $69M in total assets and 317 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,738 in Construction (9,039 peers)

Coverage in Connecticut

IBEW Local No. 223 Pension covers 317 participants in Connecticut, about 44% of the average Connecticut filer (state average ~718 per filing). Assets: $69M.

#7,738
in Construction (9,039 peers)
+18.2%
assets growth YoY
0.7×
vs typical plan assets (national mean)

IBEW Local No. 223 Pension's outsized position by total assets

IBEW Local No. 223 Pension vs every filed plan by assets

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

$69,441,321 Top 13% higher than 87% 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 Pension 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 Pension sits mid-pack in the medium band (317 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local No. 223 Pension reported net income rose from $7M in the plan year 2023 filing to $11M in the plan year 2024 filing.
  • IBEW Local No. 223 Pension end-of-year assets rose from $59M in the plan year 2023 filing to $69M in the plan year 2024 filing.
  • IBEW Local No. 223 Pension reported participants rose from 300 in the plan year 2023 filing to 317 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 042780301 · IBEW Local No. 223 Union PY 2024 · Defined Benefit (Pension)

IBEW Local No. 223 Pension · $69M · 317 · 87th

  • EBSA $69M
  • EBSA 317
  • EBSA 87th
  • EBSA Defined Benefit (Pension)
  • EBSA near Siu Rivers Pension Trust
  • EBSA ind #7738

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 Pension in the asset neighbourhood

Shearman & Sterling LLP Cash Balance Pension PlanShearman & Sterling LLP Cash…$69MSiu Rivers Pension Trust$69MIBEW Local No. 223 Pension$69MInternational Union of Elevator Constructors Officers and Employees Pension PlanInternational Union of Eleva…$69MKuakini Health System Retirement PlanKuakini Health System Retire…$69M
End-of-year total assets ($M) among IBEW Local No. 223 Pension and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Connecticut filing particulars

Total Assets (Beginning of Year)$59M
Net Assets (End of Year)$69M
Net Income$11M
Employer EIN042780301
Plan Effective Date1963-01-01
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
$69M 34.78084835515662% vs 2022
2024 filing year
$40M$50M$60M$70M$80M 202220232024 $51.5M $69.4M ▲ +34.8%
Year Plans Participants Total Assets
2022 1 296 $52M
2023 1 300 $59M
2024 1 317 $69M

Nearby Defined Benefit (Pension) Plans in Connecticut

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

IBEW Local No. 223 Pension vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -1001020304050 Total assets ($B) Participants IBEW Local No. 223 Pension, Total assets ($B): 0.069441321 · Participants: 317IBEW Local No. 223 PensionRtx Consolidated Pension Plan, Total assets ($B): 41.643558189 · Participants: 36180Rtx Consolidated Pension PlanThe Citigroup Pension Plan, Total assets ($B): 9.993084827 · Participants: 15906The Citigroup Pension PlanEversource Pension Plan, Total assets ($B): 5.763055773 · Participants: 3428Eversource Pension PlanRetirement Plan for Employees of Aetna Inc., Total assets ($B): 5.242514983 · Participants: 9682Retirement Plan for Employees of Aetna Inc.The Hartford Retirement Plan for U.S. Employees, Total assets ($B): 3.395288837 · Participants: 7034The Hartford Retirement Plan for U.S. Employees
IBEW Local No. 223 Pension vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants
Compare IBEW Local No. 223 Pension side-by-side with 3 peers →

IBEW Local No. 223 Pension's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Connecticut, the nearest Defined Benefit (Pension) by assets is Siu Rivers Pension Trust in MO ($69M); by covered participants it is Morgan US Employees' Retirement Plan in NC (317 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (317 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 Pension assets move in 2024? ▼
IBEW Local No. 223 Pension grew sharply - up 18.2% during 2024, from $59M to $69M. Reported net income was $11M.
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 34.8%, from $52M to $69M.
Where does IBEW Local No. 223 Pension rank by assets among Form 5500 filers? ▼
IBEW Local No. 223 Pension ranks in the 87th 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 Defined Benefit (Pension) plans are similar in size to IBEW Local No. 223 Pension? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Siu Rivers Pension Trust in MO ($69M, 38 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local No. 223 Pension? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Morgan US Employees' Retirement Plan in NC (317 participants, $127M 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 042780301.

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.