Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees of Local 298 Pension Fund Pension Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
526
Participants Below avg headcount
76th
Percentile by assets National rank
$51,723
Avg per participant Low balance/head
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Official DOL plan name: Local 298 Pension Fund · Sponsored by Board of Trustees of Local 298 Pension Fund · New York · Finance & Insurance

$27M in assets, 526 participants

Board of Trustees of Local 298 Pension Fund's Local 298 Pension Fund reported $27M in total assets and 526 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.

  • #5,348 in Finance & Insurance (8,549 peers)

Where Local 298 Pension Fund sits by assets

Local 298 Pension Fund sits in the top quartile of all filed plans by assets, $27M for 526 participants (~$51,723/participant), up 7.8% in 2024.

#5,348
in Finance & Insurance (8,549 peers)
+7.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Local 298 Pension Fund's outsized position by total assets

Local 298 Pension Fund vs every filed plan by assets

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

$27,206,380 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

Local 298 Pension Fund 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. Local 298 Pension Fund sits mid-pack in the medium band (526 participants).

DOL schedule card

Filing strip 116049445 · Board of Trustees of Local 298 Pension Fund PY 2024 · Defined Benefit (Pension)

Local 298 Pension Fund · $27M · 526 · 76th

  • IND $27M
  • IND 526
  • IND 76th
  • IND Defined Benefit (Pension)
  • IND near Pension Plan for Technicians of Whdh-Tv, Inc.
  • IND ind #5348

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 Finance & Insurance retirement plans → · Plans in New York →

Local 298 Pension Fund in the asset neighbourhood

Pension Plan for Technicians of Whdh-Tv, Inc.Pension Plan for Technicians…$27MLocal 298 Pension Fund$27MHallstar Services Corp. Retirement Income PlanHallstar Services Corp. Reti…$27MPension Plan for Non-Licensed EmployeesPension Plan for Non-License…$27MNew Development Holdings, LLC Union Retirement PlanNew Development Holdings, LL…$27M
End-of-year total assets ($M) among Local 298 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)$25M
Net Assets (End of Year)$27M
Net Income$2M
Employer EIN116049445
Plan Effective Date1963-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of Local 298 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees of Local 298 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$43M 447.63560544323076% vs 2022
2024 filing year
$0M$20M$40M$60M 202220232024 $7.81M $42.8M ▲ +447.6%
Year Plans Participants Total Assets
2022 1 650 $8M
2023 1 2,000 $12M
2024 2 2,782 $43M

Nearby Defined Benefit (Pension) Plans in New York

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

Local 298 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Local 298 Pension Fund, Total assets ($B): 0.02720638 · Participants: 526Local 298 Pension FundIBM 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
Local 298 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Local 298 Pension Fund side-by-side with 3 peers →

Local 298 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Pension Plan for Technicians of Whdh-Tv, Inc. in MA ($27M); by covered participants it is Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates in TX (527 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (526 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 Local 298 Pension Fund assets move in 2024? ▼
Local 298 Pension Fund 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 Local 298 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of Local 298 Pension Fund's sponsor-wide assets grew 447.6%, from $8M to $43M.
Where does Local 298 Pension Fund rank by assets among Form 5500 filers? ▼
Local 298 Pension Fund 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 Local 298 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan for Technicians of Whdh-Tv, Inc. in MA ($27M, 84 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Local 298 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Retirement Plan for Employees of Cullen/Frost Bankers, Inc. & Its Affiliates in TX (527 participants, $170M 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 116049445.

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.