401(k) · DOL Form 5500 · 2024

Board of Trustees Puget Sound Electrical Workers 401(k) Savings Plan 401(k) Plan

Data updated 2026-08-11

$622M
Total assets
7,951
Participants
98th
Percentile by assets
$78,268
Avg per participant
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Official DOL plan name: Puget Sound Electrical Workers 401(k) Savings Plan · Sponsored by Board of Trustees Puget Sound Electrical Workers 401(k) Savings Plan · Washington · Construction

$622M in assets, 7,951 participants

Board of Trustees Puget Sound Electrical Workers 401(k) Savings Plan's Puget Sound Electrical Workers 401(k) Savings Plan reported $622M in total assets and 7,951 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

  • 98th percentile by assets (of 123,622 plans)
  • #8,819 in Construction (9,039 peers)

Coverage in Washington

Puget Sound Electrical Workers 401(k) Savings Plan covers 7,951 participants in Washington, 5.4x the typical Washington plan (state average ~1,476 per filing). Assets: $622M.

$622M
total plan assets (2024 EOY)
7,951
covered participants
98th
percentile by assets (of 123,622 plans)
$78,268
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Puget Sound Electrical Workers 401(k) Savings Plan reported net income fell from $99M in the plan year 2023 filing to $69M in the plan year 2024 filing.
  • Puget Sound Electrical Workers 401(k) Savings Plan end-of-year assets rose from $553M in the plan year 2023 filing to $622M in the plan year 2024 filing.
  • Puget Sound Electrical Workers 401(k) Savings Plan reported participants fell from 8,015 in the plan year 2023 filing to 7,951 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Industry

Participants vs Washington filers

In Washington, the average filing covers about 1,476 participants across 2,612 plans. Puget Sound Electrical Workers 401(k) Savings Plan reports 7,951 participants - 5.4x that state average ($622M EOY assets).

Washington filing particulars

Total Assets (Beginning of Year)$553M
Net Assets (End of Year)$622M
Net Income$69M
Employer EIN916180326
Plan Effective Date1989-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Puget Sound Electrical Workers 401(k) Savings Plan)

$400M$500M$600M$700M 202220232024 $454M $622M ▲ +37.1%
Total plan assets by year, all Board of Trustees Puget Sound Electrical Workers 401(k) Savings Plan plans on file
Year Plans Participants Total Assets
2022 1 7,976 $454M
2023 1 8,015 $553M
2024 1 7,951 $622M

Nearby 401(k) Plans in Washington

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

Puget Sound Electrical Workers 401(k) Savings Plan vs. nearby 401(k) plans in Washington, assets vs. participants

Puget Sound Electrical Workers 401(k) Savings Plan vs. nearby 401(k) plans in Washington, assets vs. participants Scatter plot of 6 data points. -500000050000010000001500000 -20020406080 Total assets ($B) Participants Puget Sound Electric…The Boeing Company 4…Microsoft Corporatio…Costco 401(k) Retire…Amazon 401(k) Plan401(k) Savings Plan
Puget Sound Electrical Workers 401(k) Savings Plan vs. nearby 401(k) plans in Washington, assets vs. participants

Scale composition for Puget Sound Electrical Workers 401(k) Savings Plan

Puget Sound Electrical Workers 401(k) Savings Plan reports $622M in end-of-year assets across 7,951 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $78,268 per participant (57% of the national average assets-per-participant) . Net income for plan year 2024 was $69M.

This plan identity (EIN 916180326, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $454M to $622M (+37.1%) while covered participants moved from 7,976 to 7,951 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 7,976 $454M Open filing
2023 8,015 $553M Open filing
2024 · index core 7,951 $622M This page

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Puget Sound Electrical Workers 401(k) Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Puget Sound Electrical Workers 401(k) Savings Plan assets move in 2024?
Puget Sound Electrical Workers 401(k) Savings Plan grew at a solid clip - up 12.5% during 2024, from $553M to $622M. Reported net income was $69M.
How have Board of Trustees Puget Sound Electrical Workers 401(k) Savings Plan plan assets changed over time?
Across 3 plan years on file (2022-2024), Board of Trustees Puget Sound Electrical Workers 401(k) Savings Plan's sponsor-wide assets grew 37.1%, from $454M to $622M.
Where does Puget Sound Electrical Workers 401(k) Savings Plan rank by assets among Form 5500 filers?
Puget Sound Electrical Workers 401(k) Savings Plan ranks in the 98th 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 Puget Sound Electrical Workers 401(k) Savings Plan?
Among 401(k) plans in other states, the closest by assets is The Quikrete Companies Profit Sharing and Tax Deferred Plan in GA ($622M, 12,489 participants).

Next read for Puget Sound Electrical Workers 401(k) Sa…

Filing takeaways

Ways to act on Puget Sound Electrical Workers 401(k) Savings Plan's numbers.

  • By total assets, Puget Sound Electrical Workers 401(k) Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Washington. Compare plans
  • Board of Trustees Puget Sound Electrical Workers 401(k) Savings Plan's sponsor-wide assets have grown 37.1% since 2022 across 3 plan years on file. More Construction plans