Profit Sharing · DOL Form 5500 · 2024

Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan Profit Sharing Plan

Data updated 2026-08-25

$1.3B
Total assets Very large vs avg
3,927
Participants Above avg headcount
99th
Percentile by assets National rank
$320,606
Avg per participant High balance/head
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Official DOL plan name: International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan · Sponsored by Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan · Pennsylvania · Construction

$1.3B in assets, 3,927 participants

Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan's International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan reported $1.3B in total assets and 3,927 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

  • #8,927 in Construction (9,039 peers)

Coverage in Pennsylvania

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan covers 3,927 participants in Pennsylvania, 4.8x the typical Pennsylvania plan (state average ~822 per filing). Assets: $1.3B.

#8,927
in Construction (9,039 peers)
+11.8%
assets growth YoY
13×
vs typical plan assets (national mean)

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan's outsized position by total assets

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan vs every filed plan by assets

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

$1,259,021,509 Top 1% higher than 99% 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

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing 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. International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan lands in the large band (3,927 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan reported net income fell from $168M in the plan year 2023 filing to $132M in the plan year 2024 filing.
  • International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan end-of-year assets rose from $1.1B in the plan year 2023 filing to $1.3B in the plan year 2024 filing.
  • International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan reported participants rose from 3,905 in the plan year 2023 filing to 3,927 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 232289872 · Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan PY 2024 · Profit Sharing

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan · $1.3B · 3,927 · 99th

  • 5500 $1.3B
  • 5500 3,927
  • 5500 99th
  • 5500 Profit Sharing
  • 5500 near The Research Foundation for the State University of New York Retirement Plan
  • 5500 ind #8927

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 →

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan in the asset neighbourhood

Boilermakers National Annuity TrustBoilermakers National Annuit…$1.3BShv Profit Sharing Plan$1.3BSection 403(b) Defined Contribution Plan for Tax-Exempt Colleges and Universities in VirginiaSection 403(b) Defined Contr…$1.3BThe Research Foundation for the State University of New York Retirement PlanThe Research Foundation for …$1.3BInternational Brotherhood of Electrical Workers Local Union 98 - Profit Sharing PlanInternational Brotherhood of…$1.3B
End-of-year total assets ($B) among International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$1.1B
Net Assets (End of Year)$1.3B
Net Income$132M
Employer EIN232289872
Plan Effective Date1983-07-03
Filing StatusFILING RECEIVED

Sponsor Plan History (Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan)

Sponsor-wide plan assets over time

All Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan plans reported in each filing year

Latest sponsor-wide plan assets
$1.3B 31.359162280988865% vs 2022
2024 filing year
$0.9B$1B$1.1B$1.2B$1.3B 202220232024 $0.96B $1.26B ▲ +31.3%
Year Plans Participants Total Assets
2022 1 3,904 $958M
2023 1 3,905 $1.1B
2024 1 3,927 $1.3B

Nearby Profit Sharing Plans in Pennsylvania

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 0500010000150002000025000 0.511.522.5 Total assets ($B) Participants International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan, Total assets ($B): 1.259021509 · Participants: 3927International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing PlanEastern Atlantic States Carpenters Annuity Fund, Total assets ($B): 2.245462462 · Participants: 14807Eastern Atlantic States Carpenters Annuity FundUniversity of Pennsylvania Basic Plan, Total assets ($B): 1.995663035 · Participants: 21954University of Pennsylvania Basic PlanTemple University Health System, Inc. Defined Contribution Retirement Plan, Total assets ($B): 0.876135705 · Participants: 10394Temple University Health System, Inc. Defined Contribution Retirement PlanMorgan, Lewis & Bockius LLP Defined Contribution Plan, Total assets ($B): 0.781454632 · Participants: 2477Morgan, Lewis & Bockius LLP Defined Contribution PlanSteamfitters Local Union No. 420 Srp, Total assets ($B): 0.7276633 · Participants: 6716Steamfitters Local Union No. 420 Srp
International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants
Compare International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan side-by-side with 3 peers →

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Pennsylvania, the nearest Profit Sharing by assets is The Research Foundation for the State University of New York Retirement Plan in NY ($1.3B); by covered participants it is Blue Bell Creameries, Inc. Employee Stock Ownership Plan in TX (3,887 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,927 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 International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan assets move in 2024? ▼
International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan grew at a solid clip - up 11.8% during 2024, from $1.1B to $1.3B. Reported net income was $132M.
How have Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan's sponsor-wide assets grew 31.4%, from $958M to $1.3B.
Where does International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan rank by assets among Form 5500 filers? ▼
International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Profit Sharing plans are similar in size to International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is The Research Foundation for the State University of New York Retirement Plan in NY ($1.3B, 9,758 participants).
Which Profit Sharing plans cover a similar participant headcount to International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Blue Bell Creameries, Inc. Employee Stock Ownership Plan in TX (3,887 participants, $41M 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 232289872.

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.