Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees, 701 Pension Fund Pension Plan

Data updated 2026-08-25

$528M
Total assets Above avg plan size
1,078
Participants Near avg headcount
97th
Percentile by assets National rank
$489,620
Avg per participant High balance/head
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Official DOL plan name: IBEW Local 701 Pension Fund · Sponsored by Board of Trustees, 701 Pension Fund · Illinois · Construction

$528M in assets, 1,078 participants

Board of Trustees, 701 Pension Fund's IBEW Local 701 Pension Fund reported $528M in total assets and 1,078 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.

  • #8,772 in Construction (9,039 peers)

Where IBEW Local 701 Pension Fund sits by assets

IBEW Local 701 Pension Fund sits in the top 5% of all filed plans by assets, $528M for 1,078 participants (~$489,620/participant), up 8.4% in 2024.

#8,772
in Construction (9,039 peers)
+8.4%
assets growth YoY
5.3×
vs typical plan assets (national mean)

IBEW Local 701 Pension Fund's outsized position by total assets

IBEW Local 701 Pension Fund vs every filed plan by assets

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

$527,810,435 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 Pension 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 Pension Fund lands in the large band (1,078 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local 701 Pension Fund reported net income fell from $58M in the plan year 2023 filing to $41M in the plan year 2024 filing.
  • IBEW Local 701 Pension Fund end-of-year assets rose from $487M in the plan year 2023 filing to $528M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 366455509 · Board of Trustees, 701 Pension Fund PY 2024 · Defined Benefit (Pension)

IBEW Local 701 Pension Fund · $528M · 1,078 · 97th

  • EBSA $528M
  • EBSA 1,078
  • EBSA 97th
  • EBSA Defined Benefit (Pension)
  • EBSA near Chick-Fil-a, Inc. Defined Benefit Pension Plan
  • EBSA ind #8772

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 Pension Fund in the asset neighbourhood

32bj North Pension Fund$529MPension Plan of the Oregon Sheet Metal Workers Master Retirement TrustPension Plan of the Oregon S…$529MIBEW Local 701 Pension Fund$528MChick-Fil-a, Inc. Defined Benefit Pension PlanChick-Fil-a, Inc. Defined Be…$527MEricsson US Pension Plan$526M
End-of-year total assets ($M) among IBEW Local 701 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$487M
Net Assets (End of Year)$528M
Net Income$41M
Employer EIN366455509
Plan Effective Date1971-12-21
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees, 701 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees, 701 Pension 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 Defined Benefit (Pension) Plans in Illinois

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

IBEW Local 701 Pension Fund vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -200204060 Total assets ($B) Participants IBEW Local 701 Pension Fund, Total assets ($B): 0.527810435 · Participants: 1078IBEW Local 701 Pension FundCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 48.22071058 · Participants: 36799Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 37.736369487 · Participants: 41619State Farm Insurance Companies Retirement Plan for United States EmployeesGE Healthcare Pension Plan, Total assets ($B): 13.74052931 · Participants: 5554GE Healthcare Pension PlanAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 8.591907247 · Participants: 17875Abbott Laboratories Annuity Retirement PlanUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 8.17675965 · Participants: 20984United Food & Commercial Workers Intl Union - Industry Pension Fund
IBEW Local 701 Pension Fund vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare IBEW Local 701 Pension Fund side-by-side with 3 peers →

IBEW Local 701 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Chick-Fil-a, Inc. Defined Benefit Pension Plan in GA ($527M); by covered participants it is Local 817 Ibt Pension Fund in NY (1,079 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($528M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,078 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 Pension Fund assets move in 2024? ▼
IBEW Local 701 Pension Fund grew at a solid clip - up 8.4% during 2024, from $487M to $528M. Reported net income was $41M.
How have Board of Trustees, 701 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees, 701 Pension Fund's sponsor-wide assets grew 22.9%, from $770M to $946M.
Where does IBEW Local 701 Pension Fund rank by assets among Form 5500 filers? ▼
IBEW Local 701 Pension 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 Defined Benefit (Pension) plans are similar in size to IBEW Local 701 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Chick-Fil-a, Inc. Defined Benefit Pension Plan in GA ($527M, 3,818 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 701 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Local 817 Ibt Pension Fund in NY (1,079 participants, $753M 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.