Defined Benefit (Pension) · DOL Form 5500 · 2024
Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund Pension Plan
Data updated 2026-08-25
- $246M
- Total assets Near avg plan size
- 876
- Participants Near avg headcount
- 95th
- Percentile by assets National rank
- $281,355
- Avg per participant High balance/head
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.
- #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.
- #8,525
- in Construction (9,039 peers)
- +8.1%
- assets growth YoY
- 2.5×
- vs typical plan assets (national mean)
Local 697 I.B.E.W. and Electrical Industry Pension Plan's outsized position by total assets
Local 697 I.B.E.W. and Electrical Industry Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$246,466,917 Top 5% higher than 95% 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
Local 697 I.B.E.W. and Electrical Industry 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. Local 697 I.B.E.W. and Electrical Industry Pension Plan sits mid-pack in the medium band (876 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 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.
Plan-year Form 5500 strip
Filing strip 516133048 · Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund PY 2024 · Defined Benefit (Pension)
Local 697 I.B.E.W. and Electrical Industry Pension Plan · $246M · 876 · 95th
- PCT $246M
- EIN 876
- RANK 95th
- PHOTO Defined Benefit (Pension)
- IND near Panasonic Pension Plan
- EOY ind #8525
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 Indiana →
Local 697 I.B.E.W. and Electrical Industry Pension Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Trustees of Local 697 I.B.E.W. & Elect Industry Pension Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $246M 17.925788569617076% vs 2022
- 2024 filing year
| 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.
- 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
Local 697 I.B.E.W. and Electrical Industry Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Indiana, the nearest Defined Benefit (Pension) by assets is Panasonic Pension Plan in NJ ($247M); by covered participants it is Metal Lathers Local 46 Pension Fund in NY (874 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($246M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (876 participants); asset peers above are excluded.
- Metal Lathers Local 46 Pension Fund (NY) 874 · 2 off
- Southern Ironworkers Pension Fund (PA) 874 · 2 off
- Amalgamated Sugar Company Hourly Retirement Plan (ID) 878 · 2 off
- Loyola University Employees' Retirement Plan (IL) 879 · 3 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.