Defined Benefit (Pension) · DOL Form 5500 · 2024
Joint Pension Fund Local Union 164 IBEW Pension Plan
Data updated 2026-08-11
- $599M
- Total assets
- 2,072
- Participants
- 98th
- Percentile by assets
- $289,305
- Avg per participant
Official DOL plan name: Joint Pension Fund Local Union IBEW · Sponsored by Joint Pension Fund Local Union 164 IBEW · New Jersey · Construction
$599M in assets, 2,072 participants
Joint Pension Fund Local Union 164 IBEW's Joint Pension Fund Local Union IBEW reported $599M in total assets and 2,072 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 123,622 plans)
- #8,811 in Construction (9,039 peers)
Coverage in New Jersey
Joint Pension Fund Local Union IBEW covers 2,072 participants in New Jersey, 2.5x the typical New Jersey plan (state average ~844 per filing). Assets: $599M.
- $599M
- total plan assets (2024 EOY)
- 2,072
- covered participants
- 98th
- percentile by assets (of 123,622 plans)
- $289,305
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Joint Pension Fund Local Union IBEW reported net income fell from $65M in the plan year 2023 filing to $48M in the plan year 2024 filing.
- Joint Pension Fund Local Union IBEW end-of-year assets rose from $552M in the plan year 2023 filing to $599M in the plan year 2024 filing.
- Joint Pension Fund Local Union IBEW reported participants fell from 2,149 in the plan year 2023 filing to 2,072 in the plan year 2024 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. Joint Pension Fund Local Union IBEW reports 2,072 participants - 2.5x that state average ($599M EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $552M |
|---|---|
| Net Assets (End of Year) | $599M |
| Net Income | $48M |
| Employer EIN | 226031199 |
| Plan Effective Date | 1954-04-13 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Joint Pension Fund Local Union 164 IBEW)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 2,247 | $487M |
| 2023 | 1 | 2,149 | $552M |
| 2024 | 1 | 2,072 | $599M |
Nearby Defined Benefit (Pension) Plans in New Jersey
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Joint Pension Fund Local Union IBEW vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
- Retirement Plan of Johnson and Johnson $21.1B · 37,882
- JPMorgan Chase Retirement Plan $16.1B · 83,812
- Nokia Retirement Income Plan $12.9B · 7,280
- The Prudential Merged Retirement Plan $12.0B · 16,233
- Merck US Pension Plan $10.1B · 26,843
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Joint Pension Fund Local Union IBEW by total assets, not by location.
- Christiana Care Health Services, Inc. Retirement Plan (DE) $599M · 2,333
- Retirement Plan for Employees of Babcock & Wilcox Commercial Operations (OH) $599M · 303
- America First Credit Union Pension Plan (UT) $600M · 2,645
- Connecticut Laborers' Pension Plan (CT) $601M · 2,401
Frequently Asked Questions
How did Joint Pension Fund Local Union IBEW assets move in 2024? ▼
How have Joint Pension Fund Local Union 164 IBEW plan assets changed over time? ▼
Where does Joint Pension Fund Local Union IBEW rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Joint Pension Fund Local Union IBEW? ▼
Next read for Joint Pension Fund Local Union IBEW
Filing takeaways
Ways to act on Joint Pension Fund Local Union IBEW's numbers.
- By total assets, Joint Pension Fund Local Union IBEW 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 New Jersey. Compare plans
- Joint Pension Fund Local Union 164 IBEW's sponsor-wide assets have grown 23.1% since 2022 across 3 plan years on file. More Construction plans