Money Purchase · DOL Form 5500 · 2024
The Board of Trustees of the IBEW Local 968 Pension Fund Money Purchase Plan
Data updated 2026-08-11
- $73M
- Total assets
- 355
- Participants
- 88th
- Percentile by assets
- $206,185
- Avg per participant
Official DOL plan name: IBEW Local 968 Pension Fund · Sponsored by The Board of Trustees of the IBEW Local 968 Pension Fund · West Virginia · Construction
$73M in assets, 355 participants
The Board of Trustees of the IBEW Local 968 Pension Fund's IBEW Local 968 Pension Fund reported $73M in total assets and 355 participants in its 2024 DOL Form 5500 filing, ranking in the 88th 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.
- 88th percentile by assets (of 123,622 plans)
- #7,782 in Construction (9,039 peers)
Where IBEW Local 968 Pension Fund sits by assets
IBEW Local 968 Pension Fund sits in the top quartile of all filed plans by assets, $73M for 355 participants (~$206,185/participant), up 7.8% in 2024.
- $73M
- total plan assets (2024 EOY)
- 355
- covered participants
- 88th
- percentile by assets (of 123,622 plans)
- $206,185
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local 968 Pension Fund reported net income fell from $10M in the plan year 2023 filing to $5M in the plan year 2024 filing.
- IBEW Local 968 Pension Fund end-of-year assets rose from $68M in the plan year 2023 filing to $73M in the plan year 2024 filing.
- IBEW Local 968 Pension Fund reported participants rose from 350 in the plan year 2023 filing to 355 in the plan year 2024 filing.
IBEW Local 968 Pension Fund vs the 2024 asset distribution
By assets, IBEW Local 968 Pension Fund outranks 88% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $68M |
|---|---|
| Net Assets (End of Year) | $73M |
| Net Income | $5M |
| Employer EIN | 516106848 |
| Plan Effective Date | 1970-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Board of Trustees of the IBEW Local 968 Pension Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 349 | $58M |
| 2023 | 1 | 350 | $68M |
| 2024 | 1 | 355 | $73M |
Nearby Money Purchase Plans in West Virginia
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
IBEW Local 968 Pension Fund vs. nearby Money Purchase plans in West Virginia, assets vs. participants
- West Virginia University Medical Corporation Retirement Plan $392M · 1,946
- University Physicians & Surgeons, Inc. 401(a) Tiaa-Cref Retirement Plan $107M · 2,084
- Plumbers & Pipefitters Local 152 Retirement Annuit $75M · 2,909
- West Virginia University Medical Corp. Charleston Division Retirement Plan $65M · 157
- Plumbers & Steamfitters Local 565 Pension Plan $35M · 632
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to IBEW Local 968 Pension Fund by total assets, not by location.
- The Harker School 401(a) Defined Contribution Plan (CA) $73M · 556
- Oup USA Defined Contribution Retirement Plan (NY) $73M · 340
- Rochester Laborers Annuity Fund (NY) $74M · 1,583
- Iowa Builders Retirement Plan (IA) $75M · 400
Frequently Asked Questions
How did IBEW Local 968 Pension Fund assets move in 2024? ▼
How have The Board of Trustees of the IBEW Local 968 Pension Fund plan assets changed over time? ▼
Where does IBEW Local 968 Pension Fund rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to IBEW Local 968 Pension Fund? ▼
Next read for IBEW Local 968 Pension Fund
Scale reading
Ways to act on IBEW Local 968 Pension Fund's numbers.
- By total assets, IBEW Local 968 Pension Fund ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in West Virginia. Compare plans
- The Board of Trustees of the IBEW Local 968 Pension Fund's sponsor-wide assets have grown 26.5% since 2022 across 3 plan years on file. More Construction plans