Industry · Form 5500 business code 238210
Electrical Contractors: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
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. The business code is chosen by the filer from the list in the Form 5500 instructions.
721 retirement plans in electrical contractors with 100 or more participants filed Form 5500 for plan year 2024 (604 defined contribution, 117 defined benefit). All Form 5500 pension filers in the group reported 2,088,748 participant records and $156.9B in net assets.
The median defined contribution plan held $68,074 per participant, well above the national median of $53,031, and its employer put in $3,482 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $174 per participant against $123 nationally.
Employers contributed $7.79B and participants $1.30B during the year, and the plans paid out $10.1B in benefits.
In 2009 the same group numbered 574 plans with $48.9B; by 2024 it was 721 plans (up 26%) and $156.9B (up 221%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $68,074 | $53,031 | $102,380 | $86,234 |
| Employer contributions per active participant | $3,482 | $2,174 | $13,238 | $10,244 |
| Schedule C compensation per participant | $174 | $123 | $435 | $344 |
| Schedule C compensation, share of net assets | 0.30% | 0.26% | 0.46% | 0.42% |
| Administrative expenses per participant | $188 | $116 | $565 | $527 |
Medians across plans with 100 or more participants (568 DC and 117 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $34,024 | $68,074 | $125,960 | 568 |
| Employer contributions per active participant | $1,702 | $3,482 | $7,737 | 554 |
| Schedule C compensation per participant | $104 | $174 | $299 | 510 |
| Administrative expenses per participant | $98.97 | $188 | $310 | 539 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 82 | 1,038,094 | $48.8B | $2.78B | $176M | $72,154 | $213 |
| 2024 | 721 | 2,088,748 | $156.9B | $7.79B | $1.30B | $68,074 | $174 |
| 2023 | 728 | 2,004,007 | $141.0B | $7.21B | $1.20B | $61,335 | $161 |
| 2022 | 791 | 1,287,703 | $108.0B | $6.03B | $1.11B | $44,486 | $155 |
| 2021 | 761 | 1,850,073 | $133.0B | $6.32B | $1.01B | $51,059 | $162 |
| 2020 | 765 | 1,795,068 | $123.9B | $5.80B | $923M | $48,174 | $143 |
| 2019 | 729 | 1,744,205 | $106.6B | $5.76B | $863M | $41,164 | $136 |
| 2018 | 652 | 1,588,417 | $87.9B | $5.03B | $765M | $36,936 | $131 |
| 2017 | 607 | 1,550,597 | $90.0B | $4.73B | $629M | $42,604 | $131 |
| 2016 | 596 | 1,502,808 | $80.4B | $4.38B | $576M | $38,010 | $114 |
| 2015 | 579 | 1,481,437 | $74.2B | $4.11B | $515M | $36,327 | $109 |
| 2014 | 572 | 1,457,009 | $73.7B | $3.83B | $450M | $38,977 | $97.84 |
| 2013 | 561 | 1,405,612 | $69.0B | $3.53B | $407M | $37,087 | $101 |
| 2012 | 554 | 1,373,333 | $59.5B | $3.31B | $358M | $31,974 | $92.48 |
| 2011 | 549 | 1,372,923 | $54.3B | $3.06B | $330M | $28,644 | $92.61 |
| 2010 | 562 | 1,363,679 | $53.8B | $2.75B | $308M | $27,332 | $85.28 |
| 2009 | 574 | 1,385,951 | $48.9B | $2.72B | $341M | $24,268 | $75.48 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 728 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 728 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| National Electrical Benefit Fund | Trustees of the National Electrical Benefit Fund | MD | DB | 736,031 | $20.8B | $28,304 | $2,845 | $75.74 |
| National Electrical Annuity Plan | Trustees of the National Electrical Annuity Plan | MD | DC | 195,719 | $19.2B | $97,856 | $13,948 | $140 |
| Quanta Services, Inc. 401(k) Savings Plan | Quanta Services Inc. | TX | DC | 54,016 | $2.20B | $40,746 | $2,103 | $34.62 |
| Pension, Hospitalization & Benefit Plan of the Electrical Industry - Pension Trust Acct | BD of TR of the Pension, Hosp & Benefit PL of the Elec Ind-Pension | NY | DB | 40,749 | $5.24B | $128,644 | $8,119 | $486 |
| Annuity Plan of the Electrical Industry | Board of Trustees of the Annuity Plan of the Electrical Industry | NY | DC | 39,697 | $2.28B | $57,490 | $5,387 | $175 |
| Deferred Salary Plan of the Electrical Industry | Board of Trustees of the Deferred Salary Plan of the Electrical Ind | NY | DC | 33,824 | $7.99B | $236,139 | $14,185 | $128 |
| International Brotherhood of Electrical Workers District No. 9 Pension Plan | Board of Trustees, International Brotherhood of | OR | DC | 32,974 | $2.47B | $74,792 | $4,121 | $33.90 |
| National Electrical 401(k) Plan | Trustees of the National Electrical 401(k) Plan | MD | DC | 30,463 | $176M | $5,762 | $16 | $18.64 |
| Southern California Ibew-Neca Defined Contribution Plan | Board of Trustees, Southern California Ibew-Neca | CA | DC | 29,361 | $1.28B | $43,617 | $2,413 | $161 |
| Electrical Contractors Assoc. of the City of Chgo Union 134, IBEW Joint Pension Trust of Chgo Plan 5 | Board of Trustees of Eca Chicago and Local Union 134 IBEW Pension Plan | IL | DC | 26,148 | $3.45B | $132,014 | $5,364 | $46.78 |
| Southern Electrical Retirement Fund | Board of Trustees - Southern Electrical Retirement Fund | TN | DC | 25,932 | $2.19B | $84,277 | $10,811 | $264 |
| Electrical Contractors Assoc. of the City of Chgo Local Union 134, IBEW Joint Pension Trust of Chgo Pension Plan #2 | Board of Trustees of Eca Chicago and Local Union 134 IBEW Pension Plan | IL | DB | 19,809 | $2.69B | $135,919 | $19,013 | $337 |
| Southern California Ibew-Neca Pension Plan | Board of Trustees, Southern California Ibew-Neca | CA | DB | 18,310 | $1.58B | $86,466 | $13,062 | $621 |
| Board of Electrical Workers Local #26 I.A. Individual Account Plan | BD of Trustees for Electrical WKRS Loc No. 26 Individual Account Fund | MD | DC | 13,624 | $1.30B | $95,246 | $4,937 | $110 |
| Electrical Workers Local No. 26 Pension Trust Fund | Electrical Workers Local No 26 Pension Trust Fund | MD | DB | 13,539 | $1.03B | $76,112 | $9,703 | $431 |
| Neca-Ibew Pension Trust Fund | Neca-Ibew Pension Trust Fund | IL | DB | 12,974 | $1.59B | $122,367 | $12,084 | $259 |
| Ies Holdings, Inc. Retirement Savings Plan | Ies Holdings, Inc. Retirement Savings Plan | TX | DC | 11,280 | $233M | $20,689 | $770 | $11.65 |
| Alaska Electrical Pension Plan | Joint Board of Trustees Alaska Electrical Pension Fund | AK | DB | 11,263 | $2.04B | $181,196 | $16,804 | $1,127 |
| New England Electrical Workers Money Purchase Plan and Trust | New England Electrical Workers Money Purchase Plan and Trust | CT | DC | 11,013 | $868M | $78,823 | $7,033 | $59.64 |
| Electrical Workers Pension Plan Local 103 I.B.E.W. | Joint Board of Trustees Electrical Workers Local 103 IBEW | MA | DB | 10,385 | $2.04B | $196,054 | $19,062 | $1,060 |
| Puget Sound Electrical Workers Pension Plan | Board of Trustees, Puget Sound Electrical Workers Pension Trust | WA | DB | 8,704 | $1.31B | $150,154 | $13,381 | $493 |
| Electrical Workers Pension Trust Fund of Local Union No. 58 - IBEW | The Board of Trustees of the Electrical Workers Pension Trust | MI | DB | 8,404 | $920M | $109,470 | $22,487 | $240 |
| Edison Pension Plan | Board of Trustees, Edison Pension Trust | OR | DB | 8,208 | $1000M | $121,775 | $16,718 | $372 |
| Excel Group 401(k) Savings Plan | Excel Contractors, LLC | LA | DC | 8,192 | $53.6M | $6,544 | $135 | $26.06 |
| Puget Sound Electrical Workers 401(k) Savings Plan | Board of Trustees Puget Sound Electrical Workers 401(k) Savings Plan | WA | DC | 8,061 | $622M | $77,153 | $3,522 | $154 |
| M. C. Dean, Inc. 401(k) Plan | M.C. Dean, Inc. | VA | DC | 7,589 | $475M | $62,603 | $2,637 | $114 |
| IBEW Local 613 Defined Contribution Pension Plan | Trustees of IBEW Local 613 Defined Contribution Pension Plan | GA | DC | 7,553 | $887M | $117,484 | $8,779 | $181 |
| Building Trades Annuity Benefit Fund | The Building Industry Electrical Contractors Association, Inc. | NY | DC | 7,092 | $116M | $16,398 | $5,817 | $69.59 |
| San Diego Electrical Pension Plan | San Diego Electrical Pension Trust | CA | DB | 7,024 | $558M | $79,416 | $7,975 | $393 |
| IBEW Local Union No. 126 Retirement Plan | Trustees of IBEW Local Union No. 126 Retirement Plan | PA | DC | 6,762 | $1.04B | $153,697 | $13,286 | $165 |
| Inland Empire Ibew-Neca Defined Contribution Plan | Board of Trustees, Inland Empire Ibew-Neca Defined | PA | DC | 6,637 | $254M | $38,241 | $2,464 | $89.72 |
| 112/73 Retirement Plan Neca-Ibew | 112/73 Retirement Trust Fund Neca - IBEW | WA | DC | 6,590 | $478M | $72,579 | $4,709 | $55.24 |
| IBEW Local No 640 & Az Chapter Neca Defined Contribution Plan | B of T IBEW Local No 640 & Az Chapter Neca Defined Contribution Plan | AZ | DC | 6,401 | $137M | $21,354 | $1,770 | $94.72 |
| Electrical Workers Local No. 292 Defined Contribution and 401(k) Plan | Trustees Electrical Workers Local NO.292 Defined Contribution and 401(k) | MN | DC | 6,319 | $1.19B | $187,793 | $6,363 | $236 |
| IBEW Local No. 58 Annuity Fund | Board of Trustees of the IBEW Local No. 58 Annuity Fund | MI | DC | 6,150 | $919M | $149,383 | $5,435 | $95.59 |
| IBEW Local No. 716 Retirement Plan | Board of Trustees of the IBEW Local No. 716 Retirement Trust Fund | TX | DC | 6,109 | $132M | $21,540 | $755 | $62.63 |
| Crown Castle Inc. 401(k) Plan | Crown Castle Inc. | TX | DC | 5,916 | $1.30B | $219,395 | $11,751 | $52.30 |
| Local No. 1 IBEW Pension Benefit Trust Fund | Trustees of Local No. 1 Pension Benefit Trust Fund | MO | DC | 5,891 | $1.88B | $319,837 | $10,948 | $128 |
| Isc Group LLC 401(k) Retirement Plan | Isc Group LLC | LA | DC | 5,828 | $174M | $29,877 | $472 | $41.81 |
| IBEW Local 716 Pension Plan | Board of Trustees of IBEW Local 716 Pension Plan | TX | DB | 5,589 | $221M | $39,498 | $1,855 | $106 |
By plan size
By state
Questions and answers
How many retirement plans are there in electrical contractors?
721 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 1,020 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in electrical contractors?
The median defined contribution plan reported $68,074 in net assets per participant (middle half of plans: $34,024 to $125,960); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in electrical contractors?
The median defined contribution plan received $3,482 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in electrical contractors?
Among defined contribution plans that report any Schedule C compensation, the median was $174 per participant and 0.30% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.