Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees of I.B.E.W. Local 241 Pension Plan Pension Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
119
Participants Small participant base
76th
Percentile by assets National rank
$229,539
Avg per participant Above avg balance/head
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Official DOL plan name: I.B.E.W. Local 241 Pension Plan · Sponsored by Board of Trustees of I.B.E.W. Local 241 Pension Plan · New York · Construction

$27M in assets, 119 participants

Board of Trustees of I.B.E.W. Local 241 Pension Plan's I.B.E.W. Local 241 Pension Plan reported $27M in total assets and 119 participants in its 2024 DOL Form 5500 filing, ranking in the 76th 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.

  • #6,731 in Construction (9,039 peers)

Coverage in New York

I.B.E.W. Local 241 Pension Plan covers 119 participants in New York, about 15% of the average New York filer (state average ~798 per filing). Assets: $27M.

#6,731
in Construction (9,039 peers)
+7.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

I.B.E.W. Local 241 Pension Plan's outsized position by total assets

I.B.E.W. Local 241 Pension Plan vs every filed plan by assets

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

$27,315,099 Top 24% higher than 76% 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

I.B.E.W. Local 241 Pension Plan 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. I.B.E.W. Local 241 Pension Plan sits mid-pack in the medium band (119 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • I.B.E.W. Local 241 Pension Plan end-of-year assets rose from $25M in the plan year 2023 filing to $27M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 166118689 · Board of Trustees of I.B.E.W. Local 241 Pension Plan PY 2024 · Defined Benefit (Pension)

I.B.E.W. Local 241 Pension Plan · $27M · 119 · 76th

  • EIN $27M
  • EIN 119
  • EIN 76th
  • EIN Defined Benefit (Pension)
  • EIN near Brotherhood of Maintenance of Way Employes Pension Plan
  • EIN ind #6731

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 New York →

I.B.E.W. Local 241 Pension Plan in the asset neighbourhood

American Postal Workers Union Health Plan Management Staff Pension PlanAmerican Postal Workers Unio…$27MI.B.E.W. Local 241 Pension PlanI.B.E.W. Local 241 Pension P…$27MBrotherhood of Maintenance of Way Employes Pension PlanBrotherhood of Maintenance o…$27MThe Miami Corporation Management LLC Retirement PlanThe Miami Corporation Manage…$27MIngevity Corporation Retirement Plan for Bargained Hourly EmployeesIngevity Corporation Retirem…$27M
End-of-year total assets ($M) among I.B.E.W. Local 241 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$27M
Net Income$2M
Employer EIN166118689
Plan Effective Date1964-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of I.B.E.W. Local 241 Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees of I.B.E.W. Local 241 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$63M 18.271093043013487% vs 2022
2024 filing year
$50M$55M$60M$65M 202220232024 $53.6M $63.4M ▲ +18.3%
Year Plans Participants Total Assets
2022 2 305 $54M
2023 2 314 $59M
2024 2 298 $63M

Nearby Defined Benefit (Pension) Plans in New York

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

I.B.E.W. Local 241 Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants I.B.E.W. Local 241 Pension Plan, Total assets ($B): 0.027315099 · Participants: 119I.B.E.W. Local 241 Pension PlanIBM Personal Pension Plan, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care Employees Pension FundConsolidated Edison Retirement Plan, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison Retirement PlanPfizer Consolidated Pension Plan, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated Pension PlanGE Energy Pension Plan, Total assets ($B): 8.92290143 · Participants: 5829GE Energy Pension Plan
I.B.E.W. Local 241 Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare I.B.E.W. Local 241 Pension Plan side-by-side with 3 peers →

I.B.E.W. Local 241 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Brotherhood of Maintenance of Way Employes Pension Plan in MI ($27M); by covered participants it is Signature Healthcare Retirement Plan in MA (119 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (119 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 I.B.E.W. Local 241 Pension Plan assets move in 2024? ▼
I.B.E.W. Local 241 Pension Plan grew at a solid clip - up 7.8% during 2024, from $25M to $27M. Reported net income was $2M.
How have Board of Trustees of I.B.E.W. Local 241 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of I.B.E.W. Local 241 Pension Plan's sponsor-wide assets grew 18.3%, from $54M to $63M.
Where does I.B.E.W. Local 241 Pension Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local 241 Pension Plan ranks in the 76th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to I.B.E.W. Local 241 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Brotherhood of Maintenance of Way Employes Pension Plan in MI ($27M, 34 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to I.B.E.W. Local 241 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Signature Healthcare Retirement Plan in MA (119 participants, $56M 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 166118689.

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.