401(k) · DOL Form 5500 · 2024
Board of Trustees-Local 701 Retirement Savings Fund 401(k) Plan
Data updated 2026-08-06
- $419M
- Total assets
- 1,748
- Participants
- 97th
- Percentile by assets
- $239,500
- Avg per participant
Official DOL plan name: IBEW Local 701 Retirement Savings Fund · Sponsored by Board of Trustees-Local 701 Retirement Savings Fund · Illinois · Construction
$419M in assets, 1,748 participants
Board of Trustees-Local 701 Retirement Savings Fund's IBEW Local 701 Retirement Savings Fund reported $419M in total assets and 1,748 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 116,472 plans)
- #8,038 in Construction (8,304 peers)
Coverage in Illinois
IBEW Local 701 Retirement Savings Fund covers 1,748 participants in Illinois, 2.3x the typical Illinois plan (state average ~768 per filing). Assets: $419M.
- $419M
- total plan assets (2024 EOY)
- 1,748
- covered participants
- 97th
- percentile by assets (of 116,472 plans)
- $239,500
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local 701 Retirement Savings Fund reported net income fell from $46M in the plan year 2023 filing to $32M in the plan year 2024 filing.
- IBEW Local 701 Retirement Savings Fund end-of-year assets rose from $387M in the plan year 2023 filing to $419M in the plan year 2024 filing.
Participants vs Illinois filers
In Illinois, the average filing covers about 768 participants across 5,440 plans. IBEW Local 701 Retirement Savings Fund reports 1,748 participants - 2.3x that state average ($419M EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $387M |
|---|---|
| Net Assets (End of Year) | $417M |
| Net Income | $32M |
| Employer EIN | 366455509 |
| Plan Effective Date | 1989-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees-Local 701 Retirement Savings Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 2,849 | $770M |
| 2023 | 2 | 2,820 | $874M |
| 2024 | 2 | 2,826 | $946M |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
IBEW Local 701 Retirement Savings Fund vs. nearby 401(k) plans in Illinois, assets vs. participants
- Accenture United States 401(k) Match and Savings Plan $21.3B · 66,965
- State Farm 401(k) Savings Plan $19.0B · 63,297
- United Airlines Pilot Retirement Account Plan $16.8B · 16,659
- Abbott Laboratories Stock Retirement Plan $15.8B · 38,229
- Walgreens Retirement Savings Plan $14.5B · 233,635
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to IBEW Local 701 Retirement Savings Fund by total assets, not by location.
- Smithfield Foods, Inc. Hourly 401(k) Plan (VA) $419M · 15,011
- Advocare, LLC 401(k) Profit Sharing Plan (NJ) $419M · 2,694
- Promega Salary Deferral Profit Sharing Plan (WI) $418M · 1,507
- Databricks, Inc. 401(k) Plan & Trust (CA) $419M · 4,115
Frequently Asked Questions
How did IBEW Local 701 Retirement Savings Fund assets move in 2024? ▼
How have Board of Trustees-Local 701 Retirement Savings Fund plan assets changed over time? ▼
Where does IBEW Local 701 Retirement Savings Fund rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to IBEW Local 701 Retirement Savings Fund? ▼
Next read for IBEW Local 701 Retirement Savings Fund
Filing takeaways
Ways to act on IBEW Local 701 Retirement Savings Fund's numbers.
- By total assets, IBEW Local 701 Retirement Savings Fund ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Illinois. Compare plans
- Board of Trustees-Local 701 Retirement Savings Fund's sponsor-wide assets have grown 22.9% since 2022 across 3 plan years on file. More Construction plans