Profit Sharing · DOL Form 5500 · 2022
IBEW Local Union 129 Profit Sharing Plan
Data updated 2026-08-11
- $42M
- Total assets
- 352
- Participants
- 86th
- Percentile by assets
- $120,084
- Avg per participant
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.
- 86th percentile by assets (of 139,126 plans)
- #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.
- $42M
- total plan assets (2022 EOY)
- 352
- covered participants
- 86th
- percentile by assets (of 139,126 plans)
- $120,084
- avg assets per participant
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 vs the 2022 asset distribution
By assets, IBEW Local 129 Profit Sharing Annuity Plan outranks 86% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $53M |
|---|---|
| Net Assets (End of Year) | $42M |
| Net Income | -$11M |
| Employer EIN | 341414182 |
| Plan Effective Date | 1983-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local Union 129)
| 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
- Henry Ford Health System Retirement Savings Plan $1.6B · 15,480
- Construction Industry Retirement Fund of Rockford $475M · 10,395
- Ohio Carpenters' Annuity Plan $371M · 8,330
- IBEW Local 150 Supplemental Pension Fund $248M · 1,286
- Hemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan $234M · 687
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to IBEW Local 129 Profit Sharing Annuity Plan by total assets, not by location.
- IBEW Local 56 Employees Deferred Savings Plan (PA) $42M · 260
- Blue Bell Creameries, Inc. Employee Stock Ownership Plan (TX) $42M · 3,469
- Kittelson & Associates, Inc. 401(k) Retirement Plan (OR) $42M · 308
- The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc. (WV) $42M · 280
Frequently Asked Questions
How did IBEW Local 129 Profit Sharing Annuity Plan assets move in 2022? ▼
How have IBEW Local Union 129 plan assets changed over time? ▼
Where does IBEW Local 129 Profit Sharing Annuity Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to IBEW Local 129 Profit Sharing Annuity Plan? ▼
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Scale reading
Ways to act on IBEW Local 129 Profit Sharing Annuity Plan's numbers.
- By total assets, IBEW Local 129 Profit Sharing Annuity Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Michigan. Compare plans
- IBEW Local Union 129's sponsor-wide assets have grown 24.2% since 2022 across 3 plan years on file. More Finance & Insurance plans