Employer · plans filed under one EIN
IBEW Lu 654 Pension Fund Trustees
Mount Laurel, NJ · Construction
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
2 retirement plans with 100 or more participants file Form 5500 under IBEW Lu 654 Pension Fund Trustees's employer identification number (Mount Laurel, New Jersey). Their latest filings total 1,464 participant records and $331M in net assets.
The largest is I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan, a defined benefit pension plan with 849 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $17.6M and participant contributions $0 in the latest plan years; benefits paid were $17.6M. Schedule C compensation reported to service provider organisations totalled $959K.
Combined net assets moved from $103M in 2009 to $179M in 2025 (up 73%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan | defined benefit pension plan | 2024 | 849 | $152M | $178,512 | $20,748 | $738K |
| I.B.E.W. Local Union # 654 Defined Contribution Plan | money purchase plan | 2025 | 615 | $179M | $291,239 | $20,714 | $222K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 1 | 615 | $179M | $9.2M | $0 |
| 2024 | 2 | 1,463 | $308M | $17.0M | $0 |
| 2023 | 2 | 1,483 | $278M | $16.5M | $0 |
| 2022 | 2 | 1,495 | $246M | $14.9M | $0 |
| 2021 | 2 | 1,503 | $271M | $14.5M | $0 |
| 2020 | 2 | 1,481 | $238M | $11.9M | $0 |
| 2019 | 2 | 1,475 | $217M | $13.6M | $0 |
| 2018 | 2 | 1,446 | $180M | $11.8M | $0 |
| 2017 | 2 | 1,379 | $185M | $10.6M | $0 |
| 2016 | 2 | 1,356 | $161M | $9.1M | $0 |
| 2015 | 2 | 1,364 | $148M | $9.1M | $0 |
| 2014 | 2 | 1,349 | $147M | $7.8M | $0 |
| 2013 | 2 | 1,388 | $140M | $6.3M | $0 |
| 2012 | 2 | 1,435 | $121M | $6.5M | $0 |
| 2011 | 2 | 1,440 | $112M | $6.8M | $0 |
| 2010 | 2 | 1,492 | $113M | $6.3M | $0 |
| 2009 | 2 | 1,463 | $103M | $5.3M | $0 |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Empower Annuity Insurance Company | Plan Administrator | 1 | $138,336 |
| Boston Trust & Investment MGT Co. | Investment management | 1 | $107,508 |
| Newtower Trust Company | Trustee (bank, trust company, or similar financial institution); Investment management | 1 | $102,223 |
| Sage Advisory Services, Ltd. Co. | Investment management | 1 | $97,251 |
| Wedge Capital Management LLP | Investment management | 1 | $89,437 |
| Graystone/morgan Stanley | Investment advisory (plan) | 2 | $76,000 |
| Blackstone Alternative Asset MGMT | Investment management | 1 | $68,518 |
| Novak Francella LLC | Accounting (including auditing) | 2 | $49,026 |
| The McKeogh Company | Actuarial | 1 | $45,000 |
| Kohlberg Kravis Roberts & Co. L.P. | Investment management | 1 | $33,635 |
| Frank M Vaccaro & Associates | Contract Administrator; Other services | 1 | $31,980 |
| Frank M. Vaccaro & Associates Inc. | Contract Administrator | 1 | $29,644 |
| National Real Estate Advisors, LLC | Investment management | 1 | $22,672 |
| Wells Fargo | Recordkeeping and information management | 1 | $18,063 |
| Xpan Law Partners | Legal | 1 | $5,667 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does IBEW Lu 654 Pension Fund Trustees have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: I.B.E.W. Local Union # 654 - Defined Benefit Pension Plan and I.B.E.W. Local Union # 654 Defined Contribution Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does IBEW Lu 654 Pension Fund Trustees contribute to its plans?
$17,599,792 in employer contributions across these plans in their latest plan years, about $20,730 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Empower Annuity Insurance Company, Boston Trust & Investment MGT Co., Newtower Trust Company and Sage Advisory Services, Ltd. Co. and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.