Defined Benefit (Pension) · DOL Form 5500 · 2024
Board of Trustees of IBEW Local 716 Pension Plan Pension Plan
Data updated 2026-08-11
- $221M
- Total assets
- 2,138
- Participants
- 95th
- Percentile by assets
- $103,342
- Avg per participant
Official DOL plan name: IBEW Local 716 Pension Plan · Sponsored by Board of Trustees of IBEW Local 716 Pension Plan · Texas · Construction
$221M in assets, 2,138 participants
Board of Trustees of IBEW Local 716 Pension Plan's IBEW Local 716 Pension Plan reported $221M in total assets and 2,138 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)
- #8,481 in Construction (9,039 peers)
Coverage in Texas
IBEW Local 716 Pension Plan covers 2,138 participants in Texas, 3.1x the typical Texas plan (state average ~688 per filing). Assets: $221M.
- $221M
- total plan assets (2024 EOY)
- 2,138
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $103,342
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local 716 Pension Plan reported net income fell from $24M in the plan year 2023 filing to $20M in the plan year 2024 filing.
- IBEW Local 716 Pension Plan end-of-year assets rose from $201M in the plan year 2023 filing to $221M in the plan year 2024 filing.
- IBEW Local 716 Pension Plan reported participants rose from 1,947 in the plan year 2023 filing to 2,138 in the plan year 2024 filing.
Participants vs Texas filers
In Texas, the average filing covers about 688 participants across 10,116 plans. IBEW Local 716 Pension Plan reports 2,138 participants - 3.1x that state average ($221M EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | $201M |
|---|---|
| Net Assets (End of Year) | $221M |
| Net Income | $20M |
| Employer EIN | 746174676 |
| Plan Effective Date | 1965-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of IBEW Local 716 Pension Plan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2023 | 1 | 1,947 | $201M |
| 2024 | 1 | 2,138 | $221M |
Nearby Defined Benefit (Pension) Plans in Texas
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
IBEW Local 716 Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
- AT&T Pension Benefit Plan $28.3B · 100,400
- Exxonmobil Pension Plan $12.1B · 22,000
- Chevron Retirement Plan $9.7B · 21,297
- Shell Pension Plan $9.7B · 12,688
- Caterpillar Inc. Retirement Income Plan $9.2B · 11,498
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to IBEW Local 716 Pension Plan by total assets, not by location.
Frequently Asked Questions
How did IBEW Local 716 Pension Plan assets move in 2024? ▼
How have Board of Trustees of IBEW Local 716 Pension Plan plan assets changed over time? ▼
Where does IBEW Local 716 Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to IBEW Local 716 Pension Plan? ▼
Next read for IBEW Local 716 Pension Plan
Filing takeaways
Ways to act on IBEW Local 716 Pension Plan's numbers.
- By total assets, IBEW Local 716 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 Texas. Compare plans
- Board of Trustees of IBEW Local 716 Pension Plan's sponsor-wide assets have grown 10.1% since 2023 across 2 plan years on file. More Construction plans