# Electrical Workers (IBEW) Local #654

Electrical Workers (IBEW) Local #654 is a Pension Fund based in Boothwyn, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Boothwyn, United States
- **Region:** North America
- **Address:** 3729 Chichester Ave, Boothwyn, PA 19061, United States
- **Assets under management:** Undisclosed
- **Website:** ibew654.org

## Regulatory record

- **Reports private funds:** No

## About

IBEW Local 654 operates as a defined-benefit pension plan covering union electricians and electrical workers in Delaware County, Pennsylvania. The plan is funded through collective bargaining agreements with electrical contractors organized under the National Electrical Contractors Association's Penn-Del-Jersey Chapter. Contributing employers include Matrix Service Company, an industrial engineering and construction firm, alongside dozens of local signatory shops. The fund's governance runs through union leadership — President and Assistant Business Manager Bill Adams and former Business Manager Paul Mullen have served as principal officers, with the latter also overseeing the union's political action committee. The plan pursues a diversified investment strategy across pooled asset-class vehicles, consistent with Taft-Hartley multi-employer plan conventions. While the fund does not publish its asset allocation or manager roster, standard union pension architecture typically carves across public equities, fixed income, real assets, and private markets sleeves. The fund owns its headquarters outright: a Union Hall and Training Center at 3729 Chichester Avenue in Boothwyn, Pennsylvania, which also houses the IBEW Local 654 Apprentice Fund. Union treasury assets are held in Boothwyn as well, giving the institution a concentrated physical presence in Delaware County. The fund is woven into regional labor and economic development networks. IBEW Local 654 maintains an active political action committee, historically overseen by Paul Mullen, and participates in the Delaware County AFL-CIO labor council. The union also holds membership in the Delaware County Chamber of Commerce, signaling engagement with broader regional business interests beyond narrow labor advocacy. The apprentice fund trains the next generation of union electricians, funded through collectively bargained contributions and coordinated with the Joint Apprenticeship and Training Committee structure standard across IBEW locals. The fund's structural identity hinges on joint labor-management trusteeship — a governance model where union and contractor representatives share fiduciary responsibility for plan assets. That architecture distinguishes Taft-Hartley plans from corporate single-sponsor pensions, as investment decisions must satisfy a board balanced between labor and management interests. The concentration in Delaware County also differentiates IBEW 654 from larger IBEW locals like Local 11 in Los Angeles or Local 3 in New York, whose pension funds command significantly larger asset pools and staffs. Succession risk and consolidation pressure among smaller multi-employer plans remain the live structural questions for this fund.

## Sectors

- Real Estate

## People

- Bill Adams — President and Assistant Business Manager
- Paul Mullen — Former Business Manager

## Questions

### How is the IBEW Local 654 pension funded?

Contributing electrical contractors remit hourly contributions negotiated through collective bargaining agreements with IBEW Local 654. The contractors are organized under the National Electrical Contractors Association's Penn-Del-Jersey Chapter. Matrix Service Company is one confirmed contributing employer. The structure is a classic multi-employer Taft-Hartley plan, pooling contributions from dozens of small and mid-sized electrical shops across Delaware County.

### Does the fund make direct real estate investments?

The plan owns its headquarters directly — the Union Hall and Training Center at 3729 Chichester Avenue in Boothwyn, Pennsylvania — but that is an operational asset rather than an investment-position property. Beyond that, the fund invests through pooled vehicles across diversified asset classes. No direct real estate investment portfolio beyond the operating real estate has been publicly identified.

### What is the relationship between IBEW Local 654 and NECA?

IBEW Local 654 and the Penn-Del-Jersey Chapter of the National Electrical Contractors Association are bargaining counterparties under collective bargaining agreements that set wages, benefits, and pension contribution rates. The NECA chapter represents the contractor employers who fund the pension plan. The two organizations also partner on apprenticeship training, labor-management cooperation, and industry promotion in the Delaware County market.

### How is apprentice training structured at IBEW Local 654?

The IBEW Local 654 Apprentice Fund operates through the Joint Apprenticeship and Training Committee framework standard across IBEW locals. Training occurs at the Union Hall and Training Center on Chichester Avenue in Boothwyn. The program is funded through collectively bargained contributions from signatory contractors and prepares electricians for journeyman classification through classroom instruction and supervised field work.

## Related profiles

- [IBEW Local 595](https://altss.com/profile/electrical-workers-ibew-local-595)
- [IBEW Local 701](https://altss.com/profile/electrical-workers-ibew-local-701)

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Last updated: 2026-06-03T20:00:00.000Z

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