Defined Benefit (Pension) · DOL Form 5500 · 2024

IBEW Local Union 98 Pension Plan

Data updated 2026-08-25

$119M
Total assets Near avg plan size
598
Participants Below avg headcount
92nd
Percentile by assets National rank
$198,505
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: IBEW Local Union No. 98, Zone 2 Pension Trust Fund · Sponsored by IBEW Local Union 98 · Pennsylvania · Construction

$119M in assets, 598 participants

IBEW Local Union 98's IBEW Local Union No. 98, Zone 2 Pension Trust Fund reported $119M in total assets and 598 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.

  • #8,146 in Construction (9,039 peers)

Where IBEW Local Union No. 98, Zone 2 Pension Trust Fund sits by assets

IBEW Local Union No. 98, Zone 2 Pension Trust Fund sits in the top 10% of all filed plans by assets, $119M for 598 participants (~$198,505/participant), up 8.3% in 2024.

#8,146
in Construction (9,039 peers)
+8.3%
assets growth YoY
1.2×
vs typical plan assets (national mean)

IBEW Local Union No. 98, Zone 2 Pension Trust Fund's outsized position by total assets

IBEW Local Union No. 98, Zone 2 Pension Trust Fund vs every filed plan by assets

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

$118,705,875 Top 8% higher than 92% 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 Union No. 98, Zone 2 Pension Trust Fund 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. IBEW Local Union No. 98, Zone 2 Pension Trust Fund sits mid-pack in the medium band (598 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local Union No. 98, Zone 2 Pension Trust Fund reported net income fell from $10M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • IBEW Local Union No. 98, Zone 2 Pension Trust Fund end-of-year assets rose from $110M in the plan year 2023 filing to $119M in the plan year 2024 filing.
  • IBEW Local Union No. 98, Zone 2 Pension Trust Fund reported participants rose from 559 in the plan year 2023 filing to 598 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 236583334 · IBEW Local Union 98 PY 2024 · Defined Benefit (Pension)

IBEW Local Union No. 98, Zone 2 Pension Trust Fund · $119M · 598 · 92nd

  • PCT $119M
  • PCT 598
  • PCT 92nd
  • PCT Defined Benefit (Pension)
  • PCT near Siu Pacific District Pension Plan
  • PCT ind #8146

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 Pennsylvania →

IBEW Local Union No. 98, Zone 2 Pension Trust Fund in the asset neighbourhood

Kentucky Farm Bureau Mutual Insurance Company Retirement Plan and TrustKentucky Farm Bureau Mutual …$119MSan Francisco Lithographers Pension TrustSan Francisco Lithographers …$119MIBEW Local Union No. 98, Zone 2 Pension Trust FundIBEW Local Union No. 98, Zon…$119MSiu Pacific District Pension PlanSiu Pacific District Pension…$119MR.B. Pamplin Corporation and Subsidiaries Pension Plan and TrustR.B. Pamplin Corporation and…$119M
End-of-year total assets ($M) among IBEW Local Union No. 98, Zone 2 Pension Trust Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$110M
Net Assets (End of Year)$118M
Net Income$9M
Employer EIN236583334
Plan Effective Date1962-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local Union 98)

Sponsor-wide plan assets over time

All IBEW Local Union 98 plans reported in each filing year

Latest sponsor-wide plan assets
$119M 19.453999872179477% vs 2022
2024 filing year
$90M$100M$110M$120M$130M 202220232024 $99.4M $119M ▲ +19.5%
Year Plans Participants Total Assets
2022 1 543 $99M
2023 1 559 $110M
2024 1 598 $119M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

IBEW Local Union No. 98, Zone 2 Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants IBEW Local Union No. 98, Zone 2 Pension Trust Fund, Total assets ($B): 0.118705875 · Participants: 598IBEW Local Union No. 98, Zone 2 Pension Trust FundNational Elevator Industry Pension Plan, Total assets ($B): 12.213235301 · Participants: 28308National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 7.234971663 · Participants: 46110Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.528998 · Participants: 58779The PNC Financial Services Group, Inc. Pension PlanThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.178651926 · Participants: 6387The Bank of New York Mellon Corporation Pension PlanConstellation Retirement Program, Total assets ($B): 5.003720253 · Participants: 4809Constellation Retirement Program
IBEW Local Union No. 98, Zone 2 Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare IBEW Local Union No. 98, Zone 2 Pension Trust Fund side-by-side with 3 peers →

IBEW Local Union No. 98, Zone 2 Pension Trust Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Siu Pacific District Pension Plan in CA ($119M); by covered participants it is Pension Plan of the Iuoe Local 137 137a 137b 137c 137r, AFL-CIO in NY (599 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (598 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 Union No. 98, Zone 2 Pension Trust Fund assets move in 2024? ▼
IBEW Local Union No. 98, Zone 2 Pension Trust Fund grew at a solid clip - up 8.3% during 2024, from $110M to $119M. Reported net income was $9M.
How have IBEW Local Union 98 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local Union 98's sponsor-wide assets grew 19.5%, from $99M to $119M.
Where does IBEW Local Union No. 98, Zone 2 Pension Trust Fund rank by assets among Form 5500 filers? ▼
IBEW Local Union No. 98, Zone 2 Pension Trust Fund ranks in the 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to IBEW Local Union No. 98, Zone 2 Pension Trust Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Siu Pacific District Pension Plan in CA ($119M, 771 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local Union No. 98, Zone 2 Pension Trust Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan of the Iuoe Local 137 137a 137b 137c 137r, AFL-CIO in NY (599 participants, $272M 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 236583334.

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.