Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan retirement plans

Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan, Philadelphia, PA. EIN 23-2289872. Annual reports 2009–2024. Also filed as Local Union 98 I.B.E.W.

Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan has one active retirement plan on file, the International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan, with 4,631 participants and $1.3 billion in assets in 2024. Empower has been its recordkeeper since 2017. No traditional pension plan appears in Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan's filings since 2009.

Active plans: 1
Participants: 4,631
Plan assets: $1.3 billion
401(k) recordkeeper: Empower
Plans on file: 1
Industry: Construction

The plan

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan

Profit-sharing planActiveUnion (multiemployer)

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 002Employer EIN 23-2289872
Participants (2024): 4,631
Net assets (2024): $1.3 billion
Recordkeeper: Empower2017–2024
Plan administrator: Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan
1719 Spring Garden Street
Philadelphia, PA 19130
(215) 563-5592As filed for 2024
In effect since: July 3, 1983

Earlier sponsor: Local Union 98 I.B.E.W. (2010–2015).

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	4,631	$1.3 billion	Empower
2023	4,681	$1.1 billion	Empower
2022	4,669	$958 million	Empower
2021	4,661	$1.1 billion	Empower
2020	4,609	$1.0 billion	Empower
2019	4,640	$908 million	Empower
2018	5,476	$742 million	Empower
2017	5,323	$763 million	Empower
2016	5,264	$643 million	not listed
2015	5,123	$589 million	not listed
2014	4,340	$506 million	not listed
2013	4,269	$471 million	not listed
2012	4,011	$399 million	not listed
2011	4,123	$364 million	not listed
2010	4,280	$383 million	not listed
2009	4,301	$345 million	not listed

If you had money in one of these plans

Call Empower (empower.com), which runs the International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
Or call the plan administrator listed on the plan below ((215) 563-5592). That number was filed for 2024; ask for the benefits or retirement plan office.
Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

They come from the Form 5500 annual reports each plan files with the Department of Labor, as the plan filed them. A plan year is usually a calendar year.
Participants counts everyone in the plan at year end: current employees, former employees who still have a balance or a pension coming, and retirees or beneficiaries being paid.
The recordkeeper is the service provider whose Schedule C entry says it keeps the plan's records. Small plans do not file Schedule C, so some plans show none.
We cannot see anyone's account. Only the plan or its recordkeeper can tell you your balance.

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.

The plan

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan

If you had money in one of these plans

What these numbers are

Other construction employers in PA