401(k) · DOL Form 5500 · 2024

IBEW Local Union 481 Defined Contribution 401(k) Plan

Data updated 2026-08-25

$296M
Total assets Near avg plan size
2,994
Participants Above avg headcount
96th
Percentile by assets National rank
$98,768
Avg per participant Below avg balance/head
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Official DOL plan name: I.B.E.W. Local Union 481 Defined Contribution Plan · Sponsored by IBEW Local Union 481 Defined Contribution · Indiana · Construction

$296M in assets, 2,994 participants

IBEW Local Union 481 Defined Contribution's I.B.E.W. Local Union 481 Defined Contribution Plan reported $296M in total assets and 2,994 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,601 in Construction (9,039 peers)

Coverage in Indiana

I.B.E.W. Local Union 481 Defined Contribution Plan covers 2,994 participants in Indiana, 5.5x the typical Indiana plan (state average ~541 per filing). Assets: $296M.

#8,601
in Construction (9,039 peers)
+10.2%
assets growth YoY
3.0×
vs typical plan assets (national mean)

I.B.E.W. Local Union 481 Defined Contribution Plan's outsized position by total assets

I.B.E.W. Local Union 481 Defined Contribution Plan vs every filed plan by assets

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

$295,711,821 Top 4% higher than 96% 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

I.B.E.W. Local Union 481 Defined Contribution Plan'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. I.B.E.W. Local Union 481 Defined Contribution Plan lands in the large band (2,994 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • I.B.E.W. Local Union 481 Defined Contribution Plan reported net income rose from $21M in the plan year 2023 filing to $29M in the plan year 2024 filing.
  • I.B.E.W. Local Union 481 Defined Contribution Plan end-of-year assets rose from $268M in the plan year 2023 filing to $296M in the plan year 2024 filing.
  • I.B.E.W. Local Union 481 Defined Contribution Plan reported participants rose from 2,820 in the plan year 2023 filing to 2,994 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 351501496 · IBEW Local Union 481 Defined Contribution PY 2024 · 401(k)

I.B.E.W. Local Union 481 Defined Contribution Plan · $296M · 2,994 · 96th

  • TYPE $296M
  • NET 2,994
  • BOOK 96th
  • VS-ST 401(k)
  • BOY near Spirit Airlines, Inc. Employee Retirement Savings Plan
  • SCH ind #8601

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 Indiana →

I.B.E.W. Local Union 481 Defined Contribution Plan in the asset neighbourhood

Moran Towing Corporation 401(k) PlanMoran Towing Corporation 401…$296MSpirit Airlines, Inc. Employee Retirement Savings PlanSpirit Airlines, Inc. Employ…$296MI.B.E.W. Local Union 481 Defined Contribution PlanI.B.E.W. Local Union 481 Def…$296MPeterson Holding Co. Incentive Retirement PlanPeterson Holding Co. Incenti…$296MNew Lexington Clinic, P.S.C. Savings and Profit Sharing PlanNew Lexington Clinic, P.S.C.…$295M
End-of-year total assets ($M) among I.B.E.W. Local Union 481 Defined Contribution Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Indiana filing particulars

Total Assets (Beginning of Year)$268M
Net Assets (End of Year)$295M
Net Income$29M
Employer EIN351501496
Plan Effective Date1980-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local Union 481 Defined Contribution)

Sponsor-wide plan assets over time

All IBEW Local Union 481 Defined Contribution plans reported in each filing year

Latest sponsor-wide plan assets
$296M 20.049658624612388% vs 2022
2024 filing year
$240M$260M$280M$300M$320M 202220232024 $246M $296M ▲ +20.1%
Year Plans Participants Total Assets
2022 1 2,730 $246M
2023 1 2,820 $268M
2024 1 2,994 $296M

Nearby 401(k) Plans in Indiana

Peer 401(k) plans, same state, same plan type, ranked by total assets.

I.B.E.W. Local Union 481 Defined Contribution Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants I.B.E.W. Local Union 481 Defined Contribution Plan, Total assets ($B): 0.295711821 · Participants: 2994I.B.E.W. Local Union 481 Defined Contribution PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 13.056609955 · Participants: 19977The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 12.109864062 · Participants: 73120Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 6.366370789 · Participants: 30272Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 4.481656061 · Participants: 38460Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.996436059 · Participants: 9385Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
I.B.E.W. Local Union 481 Defined Contribution Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare I.B.E.W. Local Union 481 Defined Contribution Plan side-by-side with 3 peers →

I.B.E.W. Local Union 481 Defined Contribution Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Spirit Airlines, Inc. Employee Retirement Savings Plan in FL ($296M); by covered participants it is Apache Industrial Services 401(k) Retirement Plan in TX (2,993 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,994 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 I.B.E.W. Local Union 481 Defined Contribution Plan assets move in 2024? ▼
I.B.E.W. Local Union 481 Defined Contribution Plan grew at a solid clip - up 10.2% during 2024, from $268M to $296M. Reported net income was $29M.
How have IBEW Local Union 481 Defined Contribution plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local Union 481 Defined Contribution's sponsor-wide assets grew 20.0%, from $246M to $296M.
Where does I.B.E.W. Local Union 481 Defined Contribution Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local Union 481 Defined Contribution Plan ranks in the 96th 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 I.B.E.W. Local Union 481 Defined Contribution Plan? ▼
Among 401(k) plans in other states, the closest by assets is Spirit Airlines, Inc. Employee Retirement Savings Plan in FL ($296M, 9,956 participants).
Which 401(k) plans cover a similar participant headcount to I.B.E.W. Local Union 481 Defined Contribution Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Apache Industrial Services 401(k) Retirement Plan in TX (2,993 participants, $28M 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 351501496.

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.