Money Purchase · DOL Form 5500 · 2024

Joint Board of Trustees, Electrical Money Purchase Plan

Data updated 2026-08-25

$1.8B
Total assets Very large vs avg
8,421
Participants Very large workforce
99th
Percentile by assets National rank
$210,699
Avg per participant Above avg balance/head
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Official DOL plan name: Electrical Workers Deferred Income Plan Local 103, I.B.E.W. · Sponsored by Joint Board of Trustees, Electrical · Massachusetts · Utilities

$1.8B in assets, 8,421 participants

Joint Board of Trustees, Electrical's Electrical Workers Deferred Income Plan Local 103, I.B.E.W. reported $1.8B in total assets and 8,421 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

  • #677 in Utilities (732 peers)

Coverage in Massachusetts

Electrical Workers Deferred Income Plan Local 103, I.B.E.W. covers 8,421 participants in Massachusetts, 13x the typical Massachusetts plan (state average ~659 per filing). Assets: $1.8B.

#677
in Utilities (732 peers)
+8.6%
assets growth YoY
18×
vs typical plan assets (national mean)

Electrical Workers Deferred Income Plan Local 103, I.B.E.W.'s outsized position by total assets

Electrical Workers Deferred Income Plan Local 103, I.B.E.W. vs every filed plan by assets

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

$1,774,297,856 Top 1% higher than 99% 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

Electrical Workers Deferred Income Plan Local 103, I.B.E.W.'s large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Electrical Workers Deferred Income Plan Local 103, I.B.E.W. lands in the large band (8,421 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Electrical Workers Deferred Income Plan Local 103, I.B.E.W. reported net income fell from $192M in the plan year 2023 filing to $141M in the plan year 2024 filing.
  • Electrical Workers Deferred Income Plan Local 103, I.B.E.W. end-of-year assets rose from $1.6B in the plan year 2023 filing to $1.8B in the plan year 2024 filing.
  • Electrical Workers Deferred Income Plan Local 103, I.B.E.W. reported participants rose from 8,337 in the plan year 2023 filing to 8,421 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 042471895 · Joint Board of Trustees, Electrical PY 2024 · Money Purchase

Electrical Workers Deferred Income Plan Local 103, I.B.E.W. · $1.8B · 8,421 · 99th

  • ASSETS $1.8B
  • PCT 8,421
  • EIN 99th
  • RANK Money Purchase
  • PHOTO near The Sherwin-Williams Company Salaried Employees' Revised Pension Investment Plan
  • IND ind #677

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 Utilities retirement plans → · Plans in Massachusetts →

Electrical Workers Deferred Income Plan Local 103, I.B.E.W. in the asset neighbourhood

Local No. 1 IBEW Pension Benefit Trust FundLocal No. 1 IBEW Pension Ben…$1.9BElectrical Workers Deferred Income Plan Local 103, I.B.E.W.Electrical Workers Deferred …$1.8BThe Sherwin-Williams Company Salaried Employees' Revised Pension Investment PlanThe Sherwin-Williams Company…$1.7BThe Cleveland Clinic Foundation Cash Balance PlanThe Cleveland Clinic Foundat…$1.6BCentral Midwest Regional Council of Carpenters Defined Contribution Pension PlanCentral Midwest Regional Cou…$1.6B
End-of-year total assets ($B) among Electrical Workers Deferred Income Plan Local 103, I.B.E.W. and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$1.6B
Net Assets (End of Year)$1.8B
Net Income$141M
Employer EIN042471895
Plan Effective Date1970-07-29
Filing StatusFILING RECEIVED

Sponsor Plan History (Joint Board of Trustees, Electrical)

Sponsor-wide plan assets over time

All Joint Board of Trustees, Electrical plans reported in each filing year

Latest sponsor-wide plan assets
$1.8B 23.062443264489914% vs 2022
2024 filing year
$1.4B$1.5B$1.6B$1.7B$1.8B$1.9B 202220232024 $1.44B $1.77B ▲ +22.9%
Year Plans Participants Total Assets
2022 1 8,275 $1.4B
2023 1 8,337 $1.6B
2024 1 8,421 $1.8B

Nearby Money Purchase Plans in Massachusetts

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

Electrical Workers Deferred Income Plan Local 103, I.B.E.W. vs. nearby Money Purchase plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 05000100001500020000 0.511.522.5 Total assets ($B) Participants Electrical Workers Deferred Income Plan Local 103, I.B.E.W., Total assets ($B): 1.774297856 · Participants: 8421Electrical Workers Deferred Income Plan Local 103, I.B.E.W.Retirement Income Plan for Teaching Faculty of Harvard University, Total assets ($B): 2.380051887 · Participants: 2774Retirement Income Plan for Teaching Faculty of Harvard UniversityMassachusetts Laborers' Annuity Fund, Total assets ($B): 2.291740538 · Participants: 11506Massachusetts Laborers' Annuity FundHarvard University Defined Contribution Retirement Plan, Total assets ($B): 2.033803409 · Participants: 14571Harvard University Defined Contribution Retirement PlanTufts University Basic Retirement Plan, Total assets ($B): 1.039998444 · Participants: 5769Tufts University Basic Retirement PlanMassachusetts Financial Services Company Defined Contribution Plan, Total assets ($B): 0.935592812 · Participants: 1723Massachusetts Financial Services Company Defined Contribution Plan
Electrical Workers Deferred Income Plan Local 103, I.B.E.W. vs. nearby Money Purchase plans in Massachusetts, assets vs. participants
Compare Electrical Workers Deferred Income Plan Local 103, I.B.E.W. side-by-side with 3 peers →

Scale composition for Electrical Workers Deferred Income Plan Local 103, I.B.E.W.

Electrical Workers Deferred Income Plan Local 103, I.B.E.W. reports $1.8B in end-of-year assets across 8,421 participants (0.014% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $210,699 per participant (1.5x the national average assets-per-participant) . Net income for plan year 2024 was $141M.

This plan identity (EIN 042471895, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.4B to $1.8B (+23.1%) while covered participants moved from 8,275 to 8,421 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 8,275 $1.4B Open filing
2023 8,337 $1.6B Open filing
2024 · index core 8,421 $1.8B This page

Electrical Workers Deferred Income Plan Local 103, I.B.E.W.'s out-of-state Money Purchase peers by assets and headcount

Outside Massachusetts, the nearest Money Purchase by assets is The Sherwin-Williams Company Salaried Employees' Revised Pension Investment Plan in OH ($1.7B); by covered participants it is Employees Retirement Plan of Marshfield Clinic in WI (8,328 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (8,421 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 Electrical Workers Deferred Income Plan Local 103, I.B.E.W. assets move in 2024? ▼
Electrical Workers Deferred Income Plan Local 103, I.B.E.W. grew at a solid clip - up 8.6% during 2024, from $1.6B to $1.8B. Reported net income was $141M.
How have Joint Board of Trustees, Electrical plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Joint Board of Trustees, Electrical's sponsor-wide assets grew 23.1%, from $1.4B to $1.8B.
Where does Electrical Workers Deferred Income Plan Local 103, I.B.E.W. rank by assets among Form 5500 filers? ▼
Electrical Workers Deferred Income Plan Local 103, I.B.E.W. ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Money Purchase plans are similar in size to Electrical Workers Deferred Income Plan Local 103, I.B.E.W.? ▼
Among Money Purchase plans in other states, the closest by assets is The Sherwin-Williams Company Salaried Employees' Revised Pension Investment Plan in OH ($1.7B, 47,538 participants).
Which Money Purchase plans cover a similar participant headcount to Electrical Workers Deferred Income Plan Local 103, I.B.E.W.? ▼
Among Money Purchase plans in other states, the closest by covered participants is Employees Retirement Plan of Marshfield Clinic in WI (8,328 participants, $1.3B 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 042471895.

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.