Profit Sharing · DOL Form 5500 · 2022

IBEW Local Union 129 Profit Sharing Plan

Data updated 2026-08-25

$42M
Total assets Below avg plan size
352
Participants Below avg headcount
86th
Percentile by assets National rank
$120,084
Avg per participant Near avg balance/head
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Official DOL plan name: IBEW Local 129 Profit Sharing Annuity Plan · Sponsored by IBEW Local Union 129 · Michigan · Finance & Insurance

$42M in assets, 352 participants

IBEW Local Union 129's IBEW Local 129 Profit Sharing Annuity Plan reported $42M in total assets and 352 participants in its 2022 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,259 in Finance & Insurance (9,261 peers)

Where IBEW Local 129 Profit Sharing Annuity Plan sits by assets

IBEW Local 129 Profit Sharing Annuity Plan sits in the top quartile of all filed plans by assets, $42M for 352 participants (~$120,084/participant), down 20.5% in 2022.

#7,259
in Finance & Insurance (9,261 peers)
-20.5%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $11M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

IBEW Local 129 Profit Sharing Annuity Plan's outsized position by total assets

IBEW Local 129 Profit Sharing Annuity Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$42,269,712 Top 14% higher than 86% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

IBEW Local 129 Profit Sharing Annuity Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 129 Profit Sharing Annuity Plan sits mid-pack in the medium band (352 participants).

Published 5500 schedule card

Filing strip 341414182 · IBEW Local Union 129 PY 2022 · Profit Sharing

IBEW Local 129 Profit Sharing Annuity Plan · $42M · 352 · 86th

  • ASSETS $42M
  • PCT 352
  • EIN 86th
  • RANK Profit Sharing
  • PHOTO near IBEW Local 56 Employees Deferred Savings Plan
  • IND ind #7259

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Michigan →

IBEW Local 129 Profit Sharing Annuity Plan in the asset neighbourhood

The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc.The Profit Sharing and Retir…$42MBlue Bell Creameries, Inc. Employee Stock Ownership PlanBlue Bell Creameries, Inc. E…$42MIBEW Local 129 Profit Sharing Annuity PlanIBEW Local 129 Profit Sharin…$42MIBEW Local 56 Employees Deferred Savings PlanIBEW Local 56 Employees Defe…$42MKittelson & Associates, Inc. 401(k) Retirement PlanKittelson & Associates, Inc.…$42M
End-of-year total assets ($M) among IBEW Local 129 Profit Sharing Annuity Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$53M
Net Assets (End of Year)$42M
Net Income-$11M
Employer EIN341414182
Plan Effective Date1983-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local Union 129)

Sponsor-wide plan assets over time

All IBEW Local Union 129 plans reported in each filing year

Latest sponsor-wide plan assets
$52M 24.18826037896828% vs 2022
2024 filing year
$40M$45M$50M$55M 202220232024 $42.3M $52.5M ▲ +24.2%
Year Plans Participants Total Assets
2022 1 352 $42M
2023 1 370 $48M
2024 1 387 $52M

Nearby Profit Sharing Plans in Michigan

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

IBEW Local 129 Profit Sharing Annuity Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.52 Total assets ($B) Participants IBEW Local 129 Profit Sharing Annuity Plan, Total assets ($B): 0.042269712 · Participants: 352IBEW Local 129 Profit Sharing Annuity PlanHenry Ford Health System Retirement Savings Plan, Total assets ($B): 1.562673044 · Participants: 15480Henry Ford Health System Retirement Savings PlanConstruction Industry Retirement Fund of Rockford, Total assets ($B): 0.474769731 · Participants: 10395Construction Industry Retirement Fund of RockfordOhio Carpenters' Annuity Plan, Total assets ($B): 0.370960232 · Participants: 8330Ohio Carpenters' Annuity PlanIBEW Local 150 Supplemental Pension Fund, Total assets ($B): 0.247597207 · Participants: 1286IBEW Local 150 Supplemental Pension FundHemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan, Total assets ($B): 0.233598708 · Participants: 687Hemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan
IBEW Local 129 Profit Sharing Annuity Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants
Compare IBEW Local 129 Profit Sharing Annuity Plan side-by-side with 3 peers →

IBEW Local 129 Profit Sharing Annuity Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Michigan, the nearest Profit Sharing by assets is IBEW Local 56 Employees Deferred Savings Plan in PA ($42M); by covered participants it is Mto Profit Sharing Plan in CA (352 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (352 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did IBEW Local 129 Profit Sharing Annuity Plan assets move in 2022? ▼
IBEW Local 129 Profit Sharing Annuity Plan declined sharply - down 20.5% during 2022, from $53M to $42M. Reported net income was -$11M.
How have IBEW Local Union 129 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local Union 129's sponsor-wide assets grew 24.2%, from $42M to $52M.
Where does IBEW Local 129 Profit Sharing Annuity Plan rank by assets among Form 5500 filers? ▼
IBEW Local 129 Profit Sharing Annuity Plan ranks in the 86th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to IBEW Local 129 Profit Sharing Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is IBEW Local 56 Employees Deferred Savings Plan in PA ($42M, 260 participants).
Which Profit Sharing plans cover a similar participant headcount to IBEW Local 129 Profit Sharing Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Mto Profit Sharing Plan in CA (352 participants, $98M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 341414182.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.