401(k) · DOL Form 5500 · 2024

Board of Trustees-Local 701 Retirement Savings Fund 401(k) Plan

Data updated 2026-08-25

$419M
Total assets Above avg plan size
1,748
Participants Near avg headcount
97th
Percentile by assets National rank
$239,500
Avg per participant Above avg balance/head
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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.

  • #8,706 in Construction (9,039 peers)

Coverage in Illinois

IBEW Local 701 Retirement Savings Fund covers 1,748 participants in Illinois, 2.2x the typical Illinois plan (state average ~779 per filing). Assets: $419M.

#8,706
in Construction (9,039 peers)
+8.2%
assets growth YoY
4.2×
vs typical plan assets (national mean)

IBEW Local 701 Retirement Savings Fund's outsized position by total assets

IBEW Local 701 Retirement Savings Fund vs every filed plan by assets

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

$418,646,579 Top 3% higher than 97% 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

IBEW Local 701 Retirement Savings Fund'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. IBEW Local 701 Retirement Savings Fund lands in the large band (1,748 participants).

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.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 366455509 · Board of Trustees-Local 701 Retirement Savings Fund PY 2024 · 401(k)

IBEW Local 701 Retirement Savings Fund · $419M · 1,748 · 97th

  • BOOK $419M
  • VS-ST 1,748
  • BOY 97th
  • SCH 401(k)
  • EBSA near Smithfield Foods, Inc. Hourly 401(k) Plan
  • PART ind #8706

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 Illinois →

IBEW Local 701 Retirement Savings Fund in the asset neighbourhood

Databricks, Inc. 401(k) Plan & TrustDatabricks, Inc. 401(k) Plan…$419MAdvocare, LLC 401(k) Profit Sharing PlanAdvocare, LLC 401(k) Profit …$419MSmithfield Foods, Inc. Hourly 401(k) PlanSmithfield Foods, Inc. Hourl…$419MIBEW Local 701 Retirement Savings FundIBEW Local 701 Retirement Sa…$419MPromega Salary Deferral Profit Sharing PlanPromega Salary Deferral Prof…$418M
End-of-year total assets ($M) among IBEW Local 701 Retirement Savings Fund and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Illinois filing particulars

Total Assets (Beginning of Year)$387M
Net Assets (End of Year)$417M
Net Income$32M
Employer EIN366455509
Plan Effective Date1989-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees-Local 701 Retirement Savings Fund)

Sponsor-wide plan assets over time

All Board of Trustees-Local 701 Retirement Savings Fund plans reported in each filing year

Latest sponsor-wide plan assets
$946M 22.892382721981793% vs 2022
2024 filing year
$700M$800M$900M$1,000M 202220232024 $770M $946M ▲ +22.9%
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 Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants IBEW Local 701 Retirement Savings Fund, Total assets ($B): 0.418646579 · Participants: 1748IBEW Local 701 Retirement Savings FundAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 21.302643276 · Participants: 66965Accenture United States 401(k) Match and Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 19.010099056 · Participants: 63297State Farm 401(k) Savings PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 16.835964452 · Participants: 16659United Airlines Pilot Retirement Account PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 15.755668 · Participants: 38229Abbott Laboratories Stock Retirement PlanWalgreens Retirement Savings Plan, Total assets ($B): 14.535873337 · Participants: 233635Walgreens Retirement Savings Plan
IBEW Local 701 Retirement Savings Fund vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare IBEW Local 701 Retirement Savings Fund side-by-side with 3 peers →

IBEW Local 701 Retirement Savings Fund's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Smithfield Foods, Inc. Hourly 401(k) Plan in VA ($419M); by covered participants it is Community Care Retirement Savings Plan in NY (1,748 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($419M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,748 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 IBEW Local 701 Retirement Savings Fund assets move in 2024? ▼
IBEW Local 701 Retirement Savings Fund grew at a solid clip - up 8.2% during 2024, from $387M to $419M. Reported net income was $32M.
How have Board of Trustees-Local 701 Retirement Savings Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees-Local 701 Retirement Savings Fund's sponsor-wide assets grew 22.9%, from $770M to $946M.
Where does IBEW Local 701 Retirement Savings Fund rank by assets among Form 5500 filers? ▼
IBEW Local 701 Retirement Savings Fund ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to IBEW Local 701 Retirement Savings Fund? ▼
Among 401(k) plans in other states, the closest by assets is Smithfield Foods, Inc. Hourly 401(k) Plan in VA ($419M, 15,011 participants).
Which 401(k) plans cover a similar participant headcount to IBEW Local 701 Retirement Savings Fund? ▼
Among 401(k) plans in other states, the closest by covered participants is Community Care Retirement Savings Plan in NY (1,748 participants, $3M 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 366455509.

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.