Money Purchase · DOL Form 5500 · 2024
Joint Board of Trustees, Electrical Money Purchase Plan
Data updated 2026-08-11
- $1.8B
- Total assets
- 8,421
- Participants
- 99th
- Percentile by assets
- $210,699
- Avg per participant
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.
- 99th percentile by assets (of 123,622 plans)
- #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.
- $1.8B
- total plan assets (2024 EOY)
- 8,421
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $210,699
- avg assets per participant
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.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Electrical Workers Deferred Income Plan Local 103, I.B.E.W. reports 8,421 participants - 13x that state average ($1.8B EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $1.6B |
|---|---|
| Net Assets (End of Year) | $1.8B |
| Net Income | $141M |
| Employer EIN | 042471895 |
| Plan Effective Date | 1970-07-29 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Joint Board of Trustees, Electrical)
| 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
- Retirement Income Plan for Teaching Faculty of Harvard University $2.4B · 2,774
- Massachusetts Laborers' Annuity Fund $2.3B · 11,506
- Harvard University Defined Contribution Retirement Plan $2.0B · 14,571
- Tufts University Basic Retirement Plan $1.0B · 5,769
- Massachusetts Financial Services Company Defined Contribution Plan $936M · 1,723
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 |
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Electrical Workers Deferred Income Plan Local 103, I.B.E.W. by total assets, not by location.
- The Sherwin-Williams Company Salaried Employees' Revised Pension Investment Plan (OH) $1.7B · 47,538
- Local No. 1 IBEW Pension Benefit Trust Fund (MO) $1.9B · 4,749
- The Cleveland Clinic Foundation Cash Balance Plan (OH) $1.6B · 4,957
- Central Midwest Regional Council of Carpenters Defined Contribution Pension Plan (MI) $1.6B · 35,197
Frequently Asked Questions
How did Electrical Workers Deferred Income Plan Local 103, I.B.E.W. assets move in 2024? ▼
How have Joint Board of Trustees, Electrical plan assets changed over time? ▼
Where does Electrical Workers Deferred Income Plan Local 103, I.B.E.W. rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to Electrical Workers Deferred Income Plan Local 103, I.B.E.W.? ▼
Next read for Electrical Workers Deferred Income Plan …
Filing takeaways
Ways to act on Electrical Workers Deferred Income Plan Local 103, I.B.E.W.'s numbers.
- By total assets, Electrical Workers Deferred Income Plan Local 103, I.B.E.W. ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in Massachusetts. Compare plans
- Joint Board of Trustees, Electrical's sponsor-wide assets have grown 23.1% since 2022 across 3 plan years on file. More Utilities plans