Money Purchase · DOL Form 5500 · 2024

Board of Trustees of IBEW 1245 Money Purchase Plan Money Purchase Plan

Data updated 2026-08-11

$41M
Total assets
53
Participants
82nd
Percentile by assets
$770,480
Avg per participant
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Official DOL plan name: IBEW Local 1245 Money Purchase Pension Plan · Sponsored by Board of Trustees of IBEW 1245 Money Purchase Plan · California · Utilities

$41M in assets, 53 participants

Board of Trustees of IBEW 1245 Money Purchase Plan's IBEW Local 1245 Money Purchase Pension Plan reported $41M in total assets and 53 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.

  • 82nd percentile by assets (of 123,622 plans)
  • #350 in Utilities (732 peers)

Utilities sector rank

Within Utilities, IBEW Local 1245 Money Purchase Pension Plan ranks #350 of 732 2024 filers by assets (1315% of the sector average)-$41M for 53 participants.

$41M
total plan assets (2024 EOY)
53
covered participants
82nd
percentile by assets (of 123,622 plans)
$770,480
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local 1245 Money Purchase Pension Plan reported net income fell from $1M in the plan year 2023 filing to $383K in the plan year 2024 filing.
  • IBEW Local 1245 Money Purchase Pension Plan reported participants fell from 54 in the plan year 2023 filing to 53 in the plan year 2024 filing.
  • IBEW Local 1245 Money Purchase Pension Plan end-of-year assets rose from $40M in the plan year 2023 filing to $41M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Industry

Rank #350 in Utilities

Among 732 Utilities plans that filed a Form 5500 for plan year 2024, IBEW Local 1245 Money Purchase Pension Plan ranks #350 by end-of-year assets - about 1315% of the sector average of $537M. Nationally it sits in the 82nd percentile, a weaker position within its industry than across all filers.

Utilities filing particulars

Total Assets (Beginning of Year)$40M
Net Assets (End of Year)$41M
Net Income$383K
Employer EIN946583240
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of IBEW 1245 Money Purchase Plan)

$38M$39M$40M$41M$42M 202220232024 $39.1M $40.8M ▲ +4.5%
Total plan assets by year, all Board of Trustees of IBEW 1245 Money Purchase Plan plans on file
Year Plans Participants Total Assets
2022 1 51 $39M
2023 1 54 $40M
2024 1 53 $41M

Nearby Money Purchase Plans in California

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

IBEW Local 1245 Money Purchase Pension Plan vs. nearby Money Purchase plans in California, assets vs. participants

IBEW Local 1245 Money Purchase Pension Plan vs. nearby Money Purchase plans in California, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -20246810 Total assets ($B) Participants IBEW Local 1245 Mone…The Permanente Contr…Kaiser Permanente Su…University of Southe…Carpenters Annuity T…Directors Guild of A…
IBEW Local 1245 Money Purchase Pension Plan vs. nearby Money Purchase plans in California, assets vs. participants

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to IBEW Local 1245 Money Purchase Pension Plan by total assets, not by location.

Frequently Asked Questions

How did IBEW Local 1245 Money Purchase Pension Plan assets move in 2024?
IBEW Local 1245 Money Purchase Pension Plan edged up modestly - up 1.1% during 2024, from $40M to $41M. Reported net income was $383K.
How have Board of Trustees of IBEW 1245 Money Purchase Plan plan assets changed over time?
Across 3 plan years on file (2022-2024), Board of Trustees of IBEW 1245 Money Purchase Plan's sponsor-wide assets grew 4.4%, from $39M to $41M.
Where does IBEW Local 1245 Money Purchase Pension Plan rank by assets among Form 5500 filers?
IBEW Local 1245 Money Purchase Pension Plan ranks in the 82nd 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 1245 Money Purchase Pension Plan?
Among Money Purchase plans in other states, the closest by assets is Unite Here! Local 54 Severance Fund in NJ ($41M, 6,047 participants).

Next read for IBEW Local 1245 Money Purchase Pension P…

Filing takeaways

Ways to act on IBEW Local 1245 Money Purchase Pension Plan's numbers.

  • By total assets, IBEW Local 1245 Money Purchase Pension Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Money Purchase plans in California. Compare plans
  • Board of Trustees of IBEW 1245 Money Purchase Plan's sponsor-wide assets have grown 4.4% since 2022 across 3 plan years on file. More Utilities plans