401(k) · DOL Form 5500 · 2024

Board of Trustees Local No. 8 IBEW Retirement Plan & Trust 401(k) Plan

Data updated 2026-08-11

$671M
Total assets
2,292
Participants
98th
Percentile by assets
$292,741
Avg per participant
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Official DOL plan name: Local No. 8 IBEW Retirement Plan & Trust · Sponsored by Board of Trustees Local No. 8 IBEW Retirement Plan & Trust · Ohio · Construction

$671M in assets, 2,292 participants

Board of Trustees Local No. 8 IBEW Retirement Plan & Trust's Local No. 8 IBEW Retirement Plan & Trust reported $671M in total assets and 2,292 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.

  • 98th percentile by assets (of 123,622 plans)
  • #8,835 in Construction (9,039 peers)

Coverage in Ohio

Local No. 8 IBEW Retirement Plan & Trust covers 2,292 participants in Ohio, 3.0x the typical Ohio plan (state average ~765 per filing). Assets: $671M.

$671M
total plan assets (2024 EOY)
2,292
covered participants
98th
percentile by assets (of 123,622 plans)
$292,741
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Local No. 8 IBEW Retirement Plan & Trust reported net income fell from $62M in the plan year 2023 filing to $54M in the plan year 2024 filing.
  • Local No. 8 IBEW Retirement Plan & Trust end-of-year assets rose from $614M in the plan year 2023 filing to $671M in the plan year 2024 filing.
  • Local No. 8 IBEW Retirement Plan & Trust reported participants rose from 2,240 in the plan year 2023 filing to 2,292 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Industry

Participants vs Ohio filers

In Ohio, the average filing covers about 765 participants across 5,089 plans. Local No. 8 IBEW Retirement Plan & Trust reports 2,292 participants - 3.0x that state average ($671M EOY assets).

Ohio filing particulars

Total Assets (Beginning of Year)$614M
Net Assets (End of Year)$650M
Net Income$54M
Employer EIN346596899
Plan Effective Date1967-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Local No. 8 IBEW Retirement Plan & Trust)

$500M$550M$600M$650M$700M 202220232024 $546M $671M ▲ +22.9%
Total plan assets by year, all Board of Trustees Local No. 8 IBEW Retirement Plan & Trust plans on file
Year Plans Participants Total Assets
2022 1 2,271 $546M
2023 1 2,240 $614M
2024 1 2,292 $671M

Nearby 401(k) Plans in Ohio

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

Local No. 8 IBEW Retirement Plan & Trust vs. nearby 401(k) plans in Ohio, assets vs. participants

Local No. 8 IBEW Retirement Plan & Trust vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Local No. 8 IBEW Ret…GE Aerospace Retirem…The Kroger Co. 401(k…The Progressive 401(…The Sherwin-Williams…Parker Retirement Sa…
Local No. 8 IBEW Retirement Plan & Trust vs. nearby 401(k) plans in Ohio, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Local No. 8 IBEW Retirement Plan & Trust by total assets, not by location.

Frequently Asked Questions

How did Local No. 8 IBEW Retirement Plan & Trust assets move in 2024?
Local No. 8 IBEW Retirement Plan & Trust grew at a solid clip - up 9.2% during 2024, from $614M to $671M. Reported net income was $54M.
How have Board of Trustees Local No. 8 IBEW Retirement Plan & Trust plan assets changed over time?
Across 3 plan years on file (2022-2024), Board of Trustees Local No. 8 IBEW Retirement Plan & Trust's sponsor-wide assets grew 22.9%, from $546M to $671M.
Where does Local No. 8 IBEW Retirement Plan & Trust rank by assets among Form 5500 filers?
Local No. 8 IBEW Retirement Plan & Trust 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 401(k) plans are similar in size to Local No. 8 IBEW Retirement Plan & Trust?
Among 401(k) plans in other states, the closest by assets is C&s and Affiliates 401(k) Savings Plan (a) in NH ($671M, 11,041 participants).

Next read for Local No. 8 IBEW Retirement Plan & Trust

Filing takeaways

Ways to act on Local No. 8 IBEW Retirement Plan & Trust's numbers.

  • By total assets, Local No. 8 IBEW Retirement Plan & Trust ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
  • Board of Trustees Local No. 8 IBEW Retirement Plan & Trust's sponsor-wide assets have grown 22.9% since 2022 across 3 plan years on file. More Construction plans