Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees of IBEW Local 716 Pension Plan Pension Plan

Data updated 2026-08-25

$221M
Total assets Near avg plan size
2,138
Participants Near avg headcount
95th
Percentile by assets National rank
$103,342
Avg per participant Below avg balance/head
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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.

  • #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.

#8,481
in Construction (9,039 peers)
+10.1%
assets growth YoY
2.2×
vs typical plan assets (national mean)

IBEW Local 716 Pension Plan's outsized position by total assets

IBEW Local 716 Pension Plan vs every filed plan by assets

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

$220,944,245 Top 5% higher than 95% 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

IBEW Local 716 Pension Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 716 Pension Plan lands in the large band (2,138 participants).

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.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 746174676 · Board of Trustees of IBEW Local 716 Pension Plan PY 2024 · Defined Benefit (Pension)

IBEW Local 716 Pension Plan · $221M · 2,138 · 95th

  • RANK $221M
  • PHOTO 2,138
  • IND 95th
  • EOY Defined Benefit (Pension)
  • 5500 near O'melveny & Myers LLP Cash Balance Plan
  • ASSETS ind #8481

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 Texas →

IBEW Local 716 Pension Plan in the asset neighbourhood

IBEW Local 716 Pension Plan$221MO'melveny & Myers LLP Cash Balance PlanO'melveny & Myers LLP Cash B…$221MContributory Defined Benefit Retirement Plan at Rensselaer Polytechnic InstituteContributory Defined Benefit…$221MInsurance Organizations Employees' Retirement PlanInsurance Organizations Empl…$221MCleveland-Cliffs Hibbing Management Pension PlanCleveland-Cliffs Hibbing Man…$221M
End-of-year total assets ($M) among IBEW Local 716 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Texas filing particulars

Total Assets (Beginning of Year)$201M
Net Assets (End of Year)$221M
Net Income$20M
Employer EIN746174676
Plan Effective Date1965-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of IBEW Local 716 Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees of IBEW Local 716 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$221M 10.054294218470453% vs 2023
2024 filing year
$190M$200M$210M$220M$230M 20232024 $201M $221M ▲ +10.1%
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 Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants IBEW Local 716 Pension Plan, Total assets ($B): 0.220944245 · Participants: 2138IBEW Local 716 Pension PlanAT&T Pension Benefit Plan, Total assets ($B): 28.265893 · Participants: 100400AT&T Pension Benefit PlanExxonmobil Pension Plan, Total assets ($B): 12.095 · Participants: 22000Exxonmobil Pension PlanChevron Retirement Plan, Total assets ($B): 9.731784707 · Participants: 21297Chevron Retirement PlanShell Pension Plan, Total assets ($B): 9.694184685 · Participants: 12688Shell Pension PlanCaterpillar Inc. Retirement Income Plan, Total assets ($B): 9.1940497 · Participants: 11498Caterpillar Inc. Retirement Income Plan
IBEW Local 716 Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
Compare IBEW Local 716 Pension Plan side-by-side with 3 peers →

IBEW Local 716 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Texas, the nearest Defined Benefit (Pension) by assets is O'melveny & Myers LLP Cash Balance Plan in CA ($221M); by covered participants it is Aflac Incorporated Pension Plan in GA (2,139 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,138 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 IBEW Local 716 Pension Plan assets move in 2024? ▼
IBEW Local 716 Pension Plan grew at a solid clip - up 10.1% during 2024, from $201M to $221M. Reported net income was $20M.
How have Board of Trustees of IBEW Local 716 Pension Plan plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Board of Trustees of IBEW Local 716 Pension Plan's sponsor-wide assets grew 10.1%, from $201M to $221M.
Where does IBEW Local 716 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 716 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 IBEW Local 716 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is O'melveny & Myers LLP Cash Balance Plan in CA ($221M, 243 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 716 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Aflac Incorporated Pension Plan in GA (2,139 participants, $440M 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 746174676.

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.