Money Purchase · DOL Form 5500 · 2024
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan Money Purchase Plan
Data updated 2026-08-25
- $434M
- Total assets Above avg plan size
- 2,070
- Participants Near avg headcount
- 97th
- Percentile by assets National rank
- $209,826
- Avg per participant Above avg balance/head
Official DOL plan name: IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan · Sponsored by IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan · Tennessee · Construction
$434M in assets, 2,070 participants
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan's IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan reported $434M in total assets and 2,070 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- #8,718 in Construction (9,039 peers)
Where IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan sits by assets
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan sits in the top 5% of all filed plans by assets, $434M for 2,070 participants (~$209,826/participant), up 14.7% in 2024.
- #8,718
- in Construction (9,039 peers)
- +14.7%
- assets growth YoY
- 4.4×
- vs typical plan assets (national mean)
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan's outsized position by total assets
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$434,339,446 Top 3% higher than 97% 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
IBEW Local 16, AFL-CIO & Multi- Employer 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 16, AFL-CIO & Multi- Employer Pension Plan lands in the large band (2,070 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan reported net income rose from $48M in the plan year 2023 filing to $56M in the plan year 2024 filing.
- IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan end-of-year assets rose from $379M in the plan year 2023 filing to $434M in the plan year 2024 filing.
- IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan reported participants rose from 2,004 in the plan year 2023 filing to 2,070 in the plan year 2024 filing.
DOL schedule card
Filing strip 351488049 · IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan PY 2024 · Money Purchase
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan · $434M · 2,070 · 97th
- SCH $434M
- EBSA 2,070
- PART 97th
- TYPE Money Purchase
- NET near I.B.E.W Local 697 Defined Contribution Plan
- BOOK ind #8718
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 Tennessee →
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $379M |
|---|---|
| Net Assets (End of Year) | $434M |
| Net Income | $56M |
| Employer EIN | 351488049 |
| Plan Effective Date | 1979-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan)
Sponsor-wide plan assets over time
All IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan plans reported in each filing year
- Latest sponsor-wide plan assets
- $434M 31.17898570010115% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,999 | $331M |
| 2023 | 1 | 2,004 | $379M |
| 2024 | 1 | 2,070 | $434M |
Nearby Money Purchase Plans in Tennessee
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
- Southern Electrical Retirement Fund $2.2B · 11,461
- Midwest Pipe Trades Retirement Plan $222M · 1,544
- U. a. Local Union No. 614 Pension Plan $204M · 1,248
- IBEW Local Union No. 915 Pension-Annuity Fund $115M · 1,864
- Electricians Local Union No. 606 Pension-Annuity Fund $91M · 2,069
IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan's out-of-state Money Purchase peers by assets and headcount
Outside Tennessee, the nearest Money Purchase by assets is I.B.E.W Local 697 Defined Contribution Plan in IN ($433M); by covered participants it is Grand Lake Mental Health Center Money Purchase Plan in OK (2,080 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($434M here).
- I.B.E.W Local 697 Defined Contribution Plan (IN) $433M · 986
- Aura, Inc. Money Purchase Pension Plan and Trust (DC) $428M · 1,531
- Skadden Arps Slate Meagher & Flom Retirement Plan (NY) $443M · 332
- Cascade Pension Trust Money Purchase Pension Plan (OR) $425M · 2,355
Similar participant headcount
Nearest other-state filings by covered participants (2,070 participants); asset peers above are excluded.
- Grand Lake Mental Health Center Money Purchase Plan (OK) 2,080 · 10 off
- University Physicians & Surgeons, Inc. 401(a) Tiaa-Cref Retirement Plan (WV) 2,084 · 14 off
- Goodwill Industries of Southeastern Wisconsin, Inc. Employee Money Accumulation Plan (WI) 2,028 · 42 off
- Massachusetts Bricklayers & Masons Annuity Fund (MA) 2,114 · 44 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.