Defined Benefit (Pension) · DOL Form 5500 · 2024

I.B.E.W. Local No. 246 Pension Fund Board of Trustees Pension Plan

Data updated 2026-08-25

$50M
Total assets Below avg plan size
174
Participants Small participant base
84th
Percentile by assets National rank
$284,738
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: IBEW Local No. 246 Pension Plan · Sponsored by I.B.E.W. Local No. 246 Pension Fund Board of Trustees · Pennsylvania · Construction

$50M in assets, 174 participants

I.B.E.W. Local No. 246 Pension Fund Board of Trustees's IBEW Local No. 246 Pension Plan reported $50M in total assets and 174 participants in its 2024 DOL Form 5500 filing, ranking in the 84th 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.

  • #7,433 in Construction (9,039 peers)

Coverage in Pennsylvania

IBEW Local No. 246 Pension Plan covers 174 participants in Pennsylvania, about 21% of the average Pennsylvania filer (state average ~822 per filing). Assets: $50M.

#7,433
in Construction (9,039 peers)
+2.7%
assets growth YoY
0.5×
vs typical plan assets (national mean)

IBEW Local No. 246 Pension Plan's outsized position by total assets

IBEW Local No. 246 Pension Plan vs every filed plan by assets

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

$49,544,346 Top 16% higher than 84% 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

IBEW Local No. 246 Pension Plan 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. IBEW Local No. 246 Pension Plan sits mid-pack in the medium band (174 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local No. 246 Pension Plan reported net income fell from $4M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • IBEW Local No. 246 Pension Plan reported participants rose from 156 in the plan year 2023 filing to 174 in the plan year 2024 filing.
  • IBEW Local No. 246 Pension Plan end-of-year assets rose from $48M in the plan year 2023 filing to $50M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 346582842 · I.B.E.W. Local No. 246 Pension Fund Board of Trustees PY 2024 · Defined Benefit (Pension)

IBEW Local No. 246 Pension Plan · $50M · 174 · 84th

  • EBSA $50M
  • EBSA 174
  • EBSA 84th
  • EBSA Defined Benefit (Pension)
  • EBSA near Brach's Confections, Inc. Retirement Plan
  • EBSA ind #7433

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 Pennsylvania →

IBEW Local No. 246 Pension Plan in the asset neighbourhood

The Adirondack Trust Company Employees' Pension PlanThe Adirondack Trust Company…$50MFarm Bureau Retirement Plan$50MIBEW Local No. 246 Pension PlanIBEW Local No. 246 Pension P…$50MBrach's Confections, Inc. Retirement PlanBrach's Confections, Inc. Re…$50MItg Cigars, Inc. Retirement PlanItg Cigars, Inc. Retirement …$50M
End-of-year total assets ($M) among IBEW Local No. 246 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$49M
Net Income$1M
Employer EIN346582842
Plan Effective Date1967-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (I.B.E.W. Local No. 246 Pension Fund Board of Trustees)

Sponsor-wide plan assets over time

All I.B.E.W. Local No. 246 Pension Fund Board of Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$50M 11.879221325696285% vs 2022
2024 filing year
$42M$44M$46M$48M$50M$52M 202220232024 $44.3M $49.5M ▲ +11.9%
Year Plans Participants Total Assets
2022 1 181 $44M
2023 1 156 $48M
2024 1 174 $50M

Nearby Defined Benefit (Pension) Plans in Pennsylvania

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

IBEW Local No. 246 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants IBEW Local No. 246 Pension Plan, Total assets ($B): 0.049544346 · Participants: 174IBEW Local No. 246 Pension PlanNational Elevator Industry Pension Plan, Total assets ($B): 12.213235301 · Participants: 28308National Elevator Industry Pension PlanSteelworkers Pension Trust, Total assets ($B): 7.234971663 · Participants: 46110Steelworkers Pension TrustThe PNC Financial Services Group, Inc. Pension Plan, Total assets ($B): 5.528998 · Participants: 58779The PNC Financial Services Group, Inc. Pension PlanThe Bank of New York Mellon Corporation Pension Plan, Total assets ($B): 5.178651926 · Participants: 6387The Bank of New York Mellon Corporation Pension PlanConstellation Retirement Program, Total assets ($B): 5.003720253 · Participants: 4809Constellation Retirement Program
IBEW Local No. 246 Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
Compare IBEW Local No. 246 Pension Plan side-by-side with 3 peers →

IBEW Local No. 246 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Pennsylvania, the nearest Defined Benefit (Pension) by assets is Brach's Confections, Inc. Retirement Plan in IL ($50M); by covered participants it is Arc3 Gases Pension Plan in VA (174 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($50M here).

Similar participant headcount

Nearest other-state filings by covered participants (174 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 IBEW Local No. 246 Pension Plan assets move in 2024? ▼
IBEW Local No. 246 Pension Plan edged up modestly - up 2.7% during 2024, from $48M to $50M. Reported net income was $1M.
How have I.B.E.W. Local No. 246 Pension Fund Board of Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), I.B.E.W. Local No. 246 Pension Fund Board of Trustees's sponsor-wide assets grew 11.9%, from $44M to $50M.
Where does IBEW Local No. 246 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 246 Pension Plan ranks in the 84th 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 IBEW Local No. 246 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Brach's Confections, Inc. Retirement Plan in IL ($50M, N/A participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local No. 246 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Arc3 Gases Pension Plan in VA (174 participants, $2M 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 346582842.

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.