Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees International Brotherh Electrical Workers Pension Pl Pension Plan

Data updated 2026-07-24

$624M
Total assets: 2,573
Participants: 98th
Percentile by assets: $242,520
Avg per participant

Official DOL plan name: International Brotherhood of Electrical Workers Local Union 98 Pension Plan · Sponsored by Board of Trustees International Brotherh Electrical Workers Pension Pl · Pennsylvania · Construction

$624M in assets, 2,573 participants

Board of Trustees International Brotherh Electrical Workers Pension Pl's International Brotherhood of Electrical Workers Local Union 98 Pension Plan reported $624M in total assets and 2,573 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.

98th percentile by assets (of 116,472 plans)

Coverage in Pennsylvania

International Brotherhood of Electrical Workers Local Union 98 Pension Plan covers 2,573 participants in Pennsylvania, 3.1x the typical Pennsylvania plan (state average ~824 per filing). Assets: $624M.

$624M
total plan assets (2024 EOY): 2,573
covered participants: 98th
percentile by assets (of 116,472 plans): $242,520
avg assets per participant

International Brotherhood of Electrical Workers Local Union 98 Pension Plan end-of-year assets rose from $555M in the plan year 2023 filing to $624M in the plan year 2024 filing.
International Brotherhood of Electrical Workers Local Union 98 Pension Plan reported participants rose from 2,487 in the plan year 2023 filing to 2,573 in the plan year 2024 filing.
International Brotherhood of Electrical Workers Local Union 98 Pension Plan reported net income rose from $68M in the plan year 2023 filing to $70M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Construction

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. International Brotherhood of Electrical Workers Local Union 98 Pension Plan reports 2,573 participants - 3.1x that state average ($624M EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$555M
Net Assets (End of Year)	$623M
Net Income	$70M
Employer EIN	231990722
Plan Effective Date	1961-09-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees International Brotherh Electrical Workers Pension Pl)

Total plan assets by year, all Board of Trustees International Brotherh Electrical Workers Pension Pl plans on file

Year	Plans	Participants	Total Assets
2022	1	2,548	$487M
2023	1	2,487	$555M
2024	1	2,573	$624M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

International Brotherhood of Electrical Workers Local Union 98 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants

Steelworkers Pension Trust $7.2B · 46,110
The PNC Financial Services Group, Inc. Pension Plan $5.5B · 58,779
The Bank of New York Mellon Corporation Pension Plan $5.2B · 6,387
Constellation Retirement Program $5.0B · 4,809
Eastern Atlantic States Carpenters Pension Fund $5.0B · 12,421

Compare International Brotherhood of Electrical … side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to International Brotherhood of Electrical Workers Local Union 98 Pension Plan by total assets, not by location.

Hii Ingalls Shipbuilding, Inc. Hourly Employees' Retirement Plan (VA) $623M · 7,220
Ng Es - Space Division Consolidated Pension Plan (VA) $623M · 440
Willis North America Inc. Pension Plan (TN) $623M · 551
Avaya Pension Plan (NJ) $625M · 240

Frequently Asked Questions

How did International Brotherhood of Electrical Workers Local Union 98 Pension Plan assets move in 2024? ▼

International Brotherhood of Electrical Workers Local Union 98 Pension Plan grew at a solid clip - up 12.5% during 2024, from $555M to $624M. Reported net income was $70M.

How have Board of Trustees International Brotherh Electrical Workers Pension Pl plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees International Brotherh Electrical Workers Pension Pl's sponsor-wide assets grew 28.0%, from $487M to $624M.

Where does International Brotherhood of Electrical Workers Local Union 98 Pension Plan rank by assets among Form 5500 filers? ▼

International Brotherhood of Electrical Workers Local Union 98 Pension Plan ranks in the 98th percentile by end-of-year assets among 116,472 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 International Brotherhood of Electrical Workers Local Union 98 Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Hii Ingalls Shipbuilding, Inc. Hourly Employees' Retirement Plan in VA ($623M, 7,220 participants).

Next read for International Brotherhood of Electrical …

Filing takeaways

Ways to act on International Brotherhood of Electrical Workers Local Union 98 Pension Plan's numbers.

By total assets, International Brotherhood of Electrical Workers Local Union 98 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 Pennsylvania. Compare plans
Board of Trustees International Brotherh Electrical Workers Pension Pl's sponsor-wide assets have grown 28.0% since 2022 across 3 plan years on file. More Construction plans

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 231990722.

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.