401(k) · DOL Form 5500 · 2024
Board of Trustees of the IBEW Local No. 58 Annuity Fund 401(k) Plan
Data updated 2026-08-25
- $919M
- Total assets Above avg plan size
- 5,385
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $170,729
- Avg per participant Above avg balance/head
Official DOL plan name: IBEW Local No. 58 Annuity Fund · Sponsored by Board of Trustees of the IBEW Local No. 58 Annuity Fund · Michigan · Construction
$919M in assets, 5,385 participants
Board of Trustees of the IBEW Local No. 58 Annuity Fund's IBEW Local No. 58 Annuity Fund reported $919M in total assets and 5,385 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.
- #8,890 in Construction (9,039 peers)
Coverage in Michigan
IBEW Local No. 58 Annuity Fund covers 5,385 participants in Michigan, 8.4x the typical Michigan plan (state average ~638 per filing). Assets: $919M.
- #8,890
- in Construction (9,039 peers)
- +12.0%
- assets growth YoY
- 9.2×
- vs typical plan assets (national mean)
IBEW Local No. 58 Annuity Fund's outsized position by total assets
IBEW Local No. 58 Annuity Fund vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$919,372,986 Top 2% higher than 98% 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
IBEW Local No. 58 Annuity Fund'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 No. 58 Annuity Fund lands in the large band (5,385 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local No. 58 Annuity Fund reported net income fell from $121M in the plan year 2023 filing to $98M in the plan year 2024 filing.
- IBEW Local No. 58 Annuity Fund end-of-year assets rose from $821M in the plan year 2023 filing to $919M in the plan year 2024 filing.
- IBEW Local No. 58 Annuity Fund reported participants fell from 5,719 in the plan year 2023 filing to 5,385 in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 382749515 · Board of Trustees of the IBEW Local No. 58 Annuity Fund PY 2024 · 401(k)
IBEW Local No. 58 Annuity Fund · $919M · 5,385 · 98th
- PCT $919M
- PCT 5,385
- PCT 98th
- PCT 401(k)
- PCT near Bytedance 401(k) Plan
- PCT ind #8890
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 Michigan →
IBEW Local No. 58 Annuity Fund in the asset neighbourhood
Michigan filing particulars
| Total Assets (Beginning of Year) | $821M |
|---|---|
| Net Assets (End of Year) | $919M |
| Net Income | $98M |
| Employer EIN | 382749515 |
| Plan Effective Date | 1987-06-03 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of the IBEW Local No. 58 Annuity Fund)
Sponsor-wide plan assets over time
All Board of Trustees of the IBEW Local No. 58 Annuity Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $919M 31.46267677168003% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 5,560 | $699M |
| 2023 | 1 | 5,719 | $821M |
| 2024 | 1 | 5,385 | $919M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- General Motors Retirement Savings Plan for Salaried Employees in the United States $23.1B · 43,053
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $17.3B · 31,790
- The Dow Chemical Company Employees' Savings Plan $10.8B · 17,128
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $9.6B · 42,513
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $8.3B · 60,497
Scale composition for IBEW Local No. 58 Annuity Fund
IBEW Local No. 58 Annuity Fund reports $919M in end-of-year assets across 5,385 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $170,729 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2024 was $98M.
This plan identity (EIN 382749515, plan #002) has 2 Form 5500 filings on file from 2023 to 2024 , with end-of-year assets moving from $821M to $919M (+12.0%) while covered participants moved from 5,719 to 5,385 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2023 | 5,719 | $821M | Open filing |
| 2024 · index core | 5,385 | $919M | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- IBEW Local No. 58 Annuity Fund (401(k), $699M, 5,560 participants)
IBEW Local No. 58 Annuity Fund's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is Bytedance 401(k) Plan in CA ($919M); by covered participants it is Cna 401(k) Plan in IL (5,384 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($919M here).
- Bytedance 401(k) Plan (CA) $919M · 10,022
- Independence Blue Cross Blue Chip Retirement Savings Plan (PA) $919M · 4,285
- Formosa Plastics Corporation Employees Savings Plan (NJ) $918M · 3,543
- Flagstar Financial, Inc. Employee Savings Plan (NY) $918M · 4,956
Similar participant headcount
Nearest other-state filings by covered participants (5,385 participants); asset peers above are excluded.
- Cna 401(k) Plan (IL) 5,384 · 1 off
- Ul Financial Security Plan (IL) 5,384 · 1 off
- Emerald Healthcare, LLC 401(k) Plan (NY) 5,383 · 2 off
- Illumina, Inc. 401(k) Plan (CA) 5,389 · 4 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.