Money Purchase · DOL Form 5500 · 2024

IBEW Local 508 Pension Fund Money Purchase Plan

Data updated 2026-08-25

$83M
Total assets Below avg plan size
786
Participants Near avg headcount
89th
Percentile by assets National rank
$105,869
Avg per participant Below avg balance/head
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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.

  • #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.

#7,891
in Construction (9,039 peers)
+13.1%
assets growth YoY
0.8×
vs typical plan assets (national mean)

IBEW Local 508 Pension Fund's outsized position by total assets

IBEW Local 508 Pension Fund vs every filed plan by assets

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

$83,213,209 Top 11% higher than 89% 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 508 Pension Fund 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 508 Pension Fund sits mid-pack in the medium band (786 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

Plan-year Form 5500 strip

Filing strip 586117431 · IBEW Local 508 Pension Fund PY 2024 · Money Purchase

IBEW Local 508 Pension Fund · $83M · 786 · 89th

  • 5500 $83M
  • 5500 786
  • 5500 89th
  • 5500 Money Purchase
  • 5500 near Plumbers & Pipefitters Local Union #51 Annuity Plan
  • 5500 ind #7891

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 Georgia →

IBEW Local 508 Pension Fund in the asset neighbourhood

New England Life Insurance Company Agents' Retirement Plan and TrustNew England Life Insurance C…$85MAtc Individual Account Pension PlanAtc Individual Account Pensi…$84MIBEW Local 508 Pension Fund$83MPlumbers & Pipefitters Local Union #51 Annuity PlanPlumbers & Pipefitters Local…$83MPlumbers & Steamfitters Local 184 Supplemental Pension PlanPlumbers & Steamfitters Loca…$82M
End-of-year total assets ($M) among IBEW Local 508 Pension Fund and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$74M
Net Assets (End of Year)$83M
Net Income$10M
Employer EIN586117431
Plan Effective Date1984-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 508 Pension Fund)

Sponsor-wide plan assets over time

All IBEW Local 508 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$83M 30.922420420378653% vs 2022
2024 filing year
$60M$70M$80M$90M 202220232024 $63.6M $83.2M ▲ +30.9%
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 Scatter plot of 6 data points. -50005001000150020002500 020406080100 Total assets ($M) Participants IBEW Local 508 Pension Fund, Total assets ($M): 83.213209 · Participants: 786IBEW Local 508 Pension FundValmet, Inc. Pension Plan and Trust, Total assets ($M): 86.081238 · Participants: 2123Valmet, Inc. Pension Plan and TrustAu Medical Associates Employees' Money Purchase Pension Plan, Total assets ($M): 29.767102 · Participants: 1177Au Medical Associates Employees' Money Purchase Pension PlanHamilton Health Care System, Inc. Rsvp Defined Contribution Plan, Total assets ($M): 18.735429 · Participants: 362Hamilton Health Care System, Inc. Rsvp Defined Contribution PlanMassgenics Incorporated Pension Plan, Total assets ($M): 5.191408 · Participants: 7Massgenics Incorporated Pension PlanEmmett L. Goodman, Jr. Profit Sharing Trust, Total assets ($M): 4.740151 · Participants: 62Emmett L. Goodman, Jr. Profit Sharing Trust
IBEW Local 508 Pension Fund vs. nearby Money Purchase plans in Georgia, assets vs. participants
Compare IBEW Local 508 Pension Fund side-by-side with 3 peers →

IBEW Local 508 Pension Fund's out-of-state Money Purchase peers by assets and headcount

Outside Georgia, the nearest Money Purchase by assets is Plumbers & Pipefitters Local Union #51 Annuity Plan in RI ($83M); by covered participants it is Local 665 I.a.T.S.E. Annuity Plan in HI (785 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (786 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 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).
Which Money Purchase plans cover a similar participant headcount to IBEW Local 508 Pension Fund? ▼
Among Money Purchase plans in other states, the closest by covered participants is Local 665 I.a.T.S.E. Annuity Plan in HI (785 participants, $25M 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 586117431.

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.