Money Purchase · DOL Form 5500 · 2024

IBEW Local 508 Pension Fund Money Purchase Plan

Data updated 2026-08-11

$83M
Total assets: 786
Participants: 89th
Percentile by assets: $105,869
Avg per participant

Official DOL plan name: IBEW Local 508 Pension Fund · Sponsored by IBEW Local 508 Pension Fund · Georgia · Construction

$83M in assets, 786 participants

IBEW Local 508 Pension Fund's IBEW Local 508 Pension Fund reported $83M in total assets and 786 participants in its 2024 DOL Form 5500 filing, ranking in the 89th 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.

89th percentile by assets (of 123,622 plans)
#7,891 in Construction (9,039 peers)

Where IBEW Local 508 Pension Fund sits by assets

IBEW Local 508 Pension Fund sits in the top quartile of all filed plans by assets, $83M for 786 participants (~$105,869/participant), up 13.1% in 2024.

$83M
total plan assets (2024 EOY): 786
covered participants: 89th
percentile by assets (of 123,622 plans): $105,869
avg assets per participant

IBEW Local 508 Pension Fund end-of-year assets rose from $74M in the plan year 2023 filing to $83M in the plan year 2024 filing.
IBEW Local 508 Pension Fund reported net income fell from $10M in the plan year 2023 filing to $10M in the plan year 2024 filing.
IBEW Local 508 Pension Fund reported participants rose from 769 in the plan year 2023 filing to 786 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Georgia

Industry

Construction

IBEW Local 508 Pension Fund vs the 2024 asset distribution

By assets, IBEW Local 508 Pension Fund outranks 89% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.8x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$74M
Net Assets (End of Year)	$83M
Net Income	$10M
Employer EIN	586117431
Plan Effective Date	1984-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (IBEW Local 508 Pension Fund)

Total plan assets by year, all IBEW Local 508 Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	768	$64M
2023	1	769	$74M
2024	1	786	$83M

Nearby Money Purchase Plans in Georgia

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

IBEW Local 508 Pension Fund vs. nearby Money Purchase plans in Georgia, assets vs. participants

Valmet, Inc. Pension Plan and Trust $86M · 2,123
Au Medical Associates Employees' Money Purchase Pension Plan $30M · 1,177
Hamilton Health Care System, Inc. Rsvp Defined Contribution Plan $19M · 362
Massgenics Incorporated Pension Plan $5M · 7
Emmett L. Goodman, Jr. Profit Sharing Trust $5M · 62

Compare IBEW Local 508 Pension Fund side-by-side with 3 peers →

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to IBEW Local 508 Pension Fund by total assets, not by location.

Plumbers & Pipefitters Local Union #51 Annuity Plan (RI) $83M · 1,305
Atc Individual Account Pension Plan (WI) $84M · 537
Plumbers & Steamfitters Local 184 Supplemental Pension Plan (TN) $82M · 823
New England Life Insurance Company Agents' Retirement Plan and Trust (NC) $85M · N/A

Frequently Asked Questions

How did IBEW Local 508 Pension Fund assets move in 2024? ▼

IBEW Local 508 Pension Fund grew at a solid clip - up 13.1% during 2024, from $74M to $83M. Reported net income was $10M.

How have IBEW Local 508 Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), IBEW Local 508 Pension Fund's sponsor-wide assets grew 30.9%, from $64M to $83M.

Where does IBEW Local 508 Pension Fund rank by assets among Form 5500 filers? ▼

IBEW Local 508 Pension Fund ranks in the 89th 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 Money Purchase plans are similar in size to IBEW Local 508 Pension Fund? ▼

Among Money Purchase plans in other states, the closest by assets is Plumbers & Pipefitters Local Union #51 Annuity Plan in RI ($83M, 1,305 participants).

Next read for IBEW Local 508 Pension Fund

Scale reading

Ways to act on IBEW Local 508 Pension Fund's numbers.

By total assets, IBEW Local 508 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 Money Purchase plans in Georgia. Compare plans
IBEW Local 508 Pension Fund's sponsor-wide assets have grown 30.9% since 2022 across 3 plan years on file. More Construction plans

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 586117431.