Defined Benefit (Pension) · DOL Form 5500 · 2024
IBEW Local No. 229 Pension Fund Pension Plan
Data updated 2026-08-11
- $45M
- Total assets
- 238
- Participants
- 83rd
- Percentile by assets
- $190,616
- Avg per participant
Official DOL plan name: IBEW Local No. 229 Pension Fund · Sponsored by IBEW Local No. 229 Pension Fund · Virginia · Construction
$45M in assets, 238 participants
IBEW Local No. 229 Pension Fund's IBEW Local No. 229 Pension Fund reported $45M in total assets and 238 participants in its 2024 DOL Form 5500 filing, ranking in the 83rd 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.
- 83rd percentile by assets (of 123,622 plans)
- #7,356 in Construction (9,039 peers)
Coverage in Virginia
IBEW Local No. 229 Pension Fund covers 238 participants in Virginia, about 30% of the average Virginia filer (state average ~782 per filing). Assets: $45M.
- $45M
- total plan assets (2024 EOY)
- 238
- covered participants
- 83rd
- percentile by assets (of 123,622 plans)
- $190,616
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local No. 229 Pension Fund reported net income fell from $5M in the plan year 2023 filing to $4M in the plan year 2024 filing.
- IBEW Local No. 229 Pension Fund end-of-year assets rose from $41M in the plan year 2023 filing to $45M in the plan year 2024 filing.
- IBEW Local No. 229 Pension Fund reported participants rose from 227 in the plan year 2023 filing to 238 in the plan year 2024 filing.
Participants vs Virginia filers
In Virginia, the average filing covers about 782 participants across 3,655 plans. IBEW Local No. 229 Pension Fund reports 238 participants - about 30% of that state average ($45M EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $41M |
|---|---|
| Net Assets (End of Year) | $45M |
| Net Income | $4M |
| Employer EIN | 236399737 |
| Plan Effective Date | 1964-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local No. 229 Pension Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 219 | $35M |
| 2023 | 1 | 227 | $41M |
| 2024 | 1 | 238 | $45M |
Nearby Defined Benefit (Pension) Plans in Virginia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
IBEW Local No. 229 Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
- Northrop Grumman Pension Plan $18.8B · 12,678
- Retirement Security Plan $11.5B · 56,633
- Sheet Metal Workers' National Pension Fund $8.9B · 63,530
- Ng Space&mission Systems Corp Salaried Pension Pla $8.4B · 6,737
- Dominion Energy Pension Plan $8.3B · 11,758
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to IBEW Local No. 229 Pension Fund by total assets, not by location.
Frequently Asked Questions
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Next read for IBEW Local No. 229 Pension Fund
Filing takeaways
Ways to act on IBEW Local No. 229 Pension Fund's numbers.
- By total assets, IBEW Local No. 229 Pension Fund ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Virginia. Compare plans
- IBEW Local No. 229 Pension Fund's sponsor-wide assets have grown 27.8% since 2022 across 3 plan years on file. More Construction plans