Defined Benefit (Pension) · DOL Form 5500 · 2024
Board of Trustees, 701 Pension Fund Pension Plan
Data updated 2026-08-11
- $528M
- Total assets
- 1,078
- Participants
- 97th
- Percentile by assets
- $489,620
- Avg per participant
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.
- 97th percentile by assets (of 123,622 plans)
- #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.
- $528M
- total plan assets (2024 EOY)
- 1,078
- covered participants
- 97th
- percentile by assets (of 123,622 plans)
- $489,620
- avg assets per participant
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.
IBEW Local 701 Pension Fund vs the 2024 asset distribution
By assets, IBEW Local 701 Pension Fund outranks 97% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 5.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $487M |
|---|---|
| Net Assets (End of Year) | $528M |
| Net Income | $41M |
| Employer EIN | 366455509 |
| Plan Effective Date | 1971-12-21 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees, 701 Pension Fund)
| 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
- Central States, Southeast & Southwest Areas Pension Plan $48.2B · 36,799
- State Farm Insurance Companies Retirement Plan for United States Employees $37.7B · 41,619
- GE Healthcare Pension Plan $13.7B · 5,554
- Abbott Laboratories Annuity Retirement Plan $8.6B · 17,875
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.2B · 20,984
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to IBEW Local 701 Pension Fund by total assets, not by location.
- Chick-Fil-a, Inc. Defined Benefit Pension Plan (GA) $527M · 3,818
- Pension Plan of the Oregon Sheet Metal Workers Master Retirement Trust (OR) $529M · 1,608
- 32bj North Pension Fund (NY) $529M · 5,667
- Ericsson US Pension Plan (TX) $526M · 508
Frequently Asked Questions
How did IBEW Local 701 Pension Fund assets move in 2024? ▼
How have Board of Trustees, 701 Pension Fund plan assets changed over time? ▼
Where does IBEW Local 701 Pension Fund rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to IBEW Local 701 Pension Fund? ▼
Next read for IBEW Local 701 Pension Fund
Scale reading
Ways to act on IBEW Local 701 Pension Fund's numbers.
- By total assets, IBEW Local 701 Pension Fund 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 Illinois. Compare plans
- Board of Trustees, 701 Pension Fund's sponsor-wide assets have grown 22.9% since 2022 across 3 plan years on file. More Construction plans