Defined Benefit (Pension) · DOL Form 5500 · 2024

Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund Pension Plan

Data updated 2026-08-11

$246M
Total assets: 876
Participants: 95th
Percentile by assets: $281,355
Avg per participant

Official DOL plan name: Local 697 I.B.E.W. and Electrical Industry Pension Plan · Sponsored by Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund · Indiana · Construction

$246M in assets, 876 participants

Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund's Local 697 I.B.E.W. and Electrical Industry Pension Plan reported $246M in total assets and 876 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

95th percentile by assets (of 123,622 plans)
#8,525 in Construction (9,039 peers)

Where Local 697 I.B.E.W. and Electrical Industry Pension Plan sits by assets

Local 697 I.B.E.W. and Electrical Industry Pension Plan sits in the top 5% of all filed plans by assets, $246M for 876 participants (~$281,355/participant), up 8.1% in 2024.

$246M
total plan assets (2024 EOY): 876
covered participants: 95th
percentile by assets (of 123,622 plans): $281,355
avg assets per participant

Local 697 I.B.E.W. and Electrical Industry Pension Plan reported net income fell from $19M in the plan year 2023 filing to $17M in the plan year 2024 filing.
Local 697 I.B.E.W. and Electrical Industry Pension Plan end-of-year assets rose from $228M in the plan year 2023 filing to $246M in the plan year 2024 filing.
Local 697 I.B.E.W. and Electrical Industry Pension Plan reported participants rose from 855 in the plan year 2023 filing to 876 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Indiana

Industry

Construction

Local 697 I.B.E.W. and Electrical Industry Pension Plan vs the 2024 asset distribution

By assets, Local 697 I.B.E.W. and Electrical Industry Pension Plan outranks 95% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$228M
Net Assets (End of Year)	$245M
Net Income	$17M
Employer EIN	516133048
Plan Effective Date	1964-09-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund)

Total plan assets by year, all Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	738	$209M
2023	1	855	$228M
2024	1	876	$246M

Nearby Defined Benefit (Pension) Plans in Indiana

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

Local 697 I.B.E.W. and Electrical Industry Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants

The Lilly Retirement Plan $11.8B · 19,897
Cummins Pension Plan $3.2B · 30,640
Indiana Laborers Pension Fund $1.8B · 11,039
Elevance Health Cash Balance Plan a $1.2B · 7,552
Nisource Pension Plan $1.0B · 2,133

Compare Local 697 I.B.E.W. and Electrical Indust… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Local 697 I.B.E.W. and Electrical Industry Pension Plan by total assets, not by location.

Panasonic Pension Plan (NJ) $247M · 188
Capital One Financial Corporation Cash Balance Pension Plan (VA) $247M · 550
Hilton Hotels Retirement Plan (VA) $246M · 551
Retirement Plan for Employees of Phoebe Putney Health System, Inc. (GA) $246M · 808

Frequently Asked Questions

How did Local 697 I.B.E.W. and Electrical Industry Pension Plan assets move in 2024? ▼

Local 697 I.B.E.W. and Electrical Industry Pension Plan grew at a solid clip - up 8.1% during 2024, from $228M to $246M. Reported net income was $17M.

How have Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund's sponsor-wide assets grew 17.9%, from $209M to $246M.

Where does Local 697 I.B.E.W. and Electrical Industry Pension Plan rank by assets among Form 5500 filers? ▼

Local 697 I.B.E.W. and Electrical Industry Pension Plan ranks in the 95th 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 Local 697 I.B.E.W. and Electrical Industry Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Panasonic Pension Plan in NJ ($247M, 188 participants).

Next read for Local 697 I.B.E.W. and Electrical Indust…

Scale reading

Ways to act on Local 697 I.B.E.W. and Electrical Industry Pension Plan's numbers.

By total assets, Local 697 I.B.E.W. and Electrical Industry Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Indiana. Compare plans
Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund's sponsor-wide assets have grown 17.9% since 2022 across 3 plan years on file. More Construction plans

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 516133048.