Defined Benefit (Pension) · DOL Form 5500 · 2024

IBEW Joint Pension Fund Local 456 Pension Plan

Data updated 2026-08-25

$302M
Total assets Above avg plan size
794
Participants Near avg headcount
96th
Percentile by assets National rank
$380,041
Avg per participant High balance/head
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Official DOL plan name: I.B.E.W. Local 456 Pension Plan · Sponsored by IBEW Joint Pension Fund Local 456 · New Jersey · Construction

$302M in assets, 794 participants

IBEW Joint Pension Fund Local 456's I.B.E.W. Local 456 Pension Plan reported $302M in total assets and 794 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,606 in Construction (9,039 peers)

Where I.B.E.W. Local 456 Pension Plan sits by assets

I.B.E.W. Local 456 Pension Plan sits in the top 5% of all filed plans by assets, $302M for 794 participants (~$380,041/participant), up 9.3% in 2024.

#8,606
in Construction (9,039 peers)
+9.3%
assets growth YoY
3.0×
vs typical plan assets (national mean)

I.B.E.W. Local 456 Pension Plan's outsized position by total assets

I.B.E.W. Local 456 Pension Plan vs every filed plan by assets

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

$301,752,203 Top 4% higher than 96% 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

I.B.E.W. Local 456 Pension 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. I.B.E.W. Local 456 Pension Plan sits mid-pack in the medium band (794 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • I.B.E.W. Local 456 Pension Plan reported net income fell from $30M in the plan year 2023 filing to $27M in the plan year 2024 filing.
  • I.B.E.W. Local 456 Pension Plan end-of-year assets rose from $276M in the plan year 2023 filing to $302M in the plan year 2024 filing.
  • I.B.E.W. Local 456 Pension Plan reported participants rose from 766 in the plan year 2023 filing to 794 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 226238995 · IBEW Joint Pension Fund Local 456 PY 2024 · Defined Benefit (Pension)

I.B.E.W. Local 456 Pension Plan · $302M · 794 · 96th

  • TYPE $302M
  • NET 794
  • BOOK 96th
  • VS-ST Defined Benefit (Pension)
  • BOY near Plumbers and Pipefitters Local 520 Pension Plan
  • SCH ind #8606

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 New Jersey →

I.B.E.W. Local 456 Pension Plan in the asset neighbourhood

General Dynamics Land Systems Pension AgreementGeneral Dynamics Land System…$303MI.B.E.W. Local 456 Pension PlanI.B.E.W. Local 456 Pension P…$302MPlumbers and Pipefitters Local 520 Pension PlanPlumbers and Pipefitters Loc…$301MPlumbers and Pipefitters Local Union No 333 Pension FundPlumbers and Pipefitters Loc…$301MThe United Illuminating Company Pension PlanThe United Illuminating Comp…$301M
End-of-year total assets ($M) among I.B.E.W. Local 456 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$276M
Net Assets (End of Year)$300M
Net Income$27M
Employer EIN226238995
Plan Effective Date1956-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Joint Pension Fund Local 456)

Sponsor-wide plan assets over time

All IBEW Joint Pension Fund Local 456 plans reported in each filing year

Latest sponsor-wide plan assets
$302M 23.539304445918454% vs 2022
2024 filing year
$220M$240M$260M$280M$300M$320M 202220232024 $244M $302M ▲ +23.5%
Year Plans Participants Total Assets
2022 1 807 $244M
2023 1 766 $276M
2024 1 794 $302M

Nearby Defined Benefit (Pension) Plans in New Jersey

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

I.B.E.W. Local 456 Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants I.B.E.W. Local 456 Pension Plan, Total assets ($B): 0.301752203 · Participants: 794I.B.E.W. Local 456 Pension PlanRetirement Plan of Johnson and Johnson, Total assets ($B): 21.095569114 · Participants: 37882Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.066557714 · Participants: 83812JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 12.855309 · Participants: 7280Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.025028912 · Participants: 16233The Prudential Merged Retirement PlanMerck US Pension Plan, Total assets ($B): 10.090083286 · Participants: 26843Merck US Pension Plan
I.B.E.W. Local 456 Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare I.B.E.W. Local 456 Pension Plan side-by-side with 3 peers →

I.B.E.W. Local 456 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is Plumbers and Pipefitters Local 520 Pension Plan in MI ($301M); by covered participants it is Northwest Bricklayers Pension Plan in OR (795 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (794 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 I.B.E.W. Local 456 Pension Plan assets move in 2024? ▼
I.B.E.W. Local 456 Pension Plan grew at a solid clip - up 9.3% during 2024, from $276M to $302M. Reported net income was $27M.
How have IBEW Joint Pension Fund Local 456 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Joint Pension Fund Local 456's sponsor-wide assets grew 23.5%, from $244M to $302M.
Where does I.B.E.W. Local 456 Pension Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local 456 Pension Plan ranks in the 96th 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 Defined Benefit (Pension) plans are similar in size to I.B.E.W. Local 456 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Plumbers and Pipefitters Local 520 Pension Plan in MI ($301M, 975 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to I.B.E.W. Local 456 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Northwest Bricklayers Pension Plan in OR (795 participants, $132M 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 226238995.

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.