Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan Pension Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
187
Participants Below avg headcount
84th
Percentile by assets National rank
$176,379
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local No. 32 - NECA Pension Plan · Sponsored by Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan · Michigan · Construction

$33M in assets, 187 participants

Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan's IBEW Local No. 32 - NECA Pension Plan reported $33M in total assets and 187 participants in its 2022 DOL Form 5500 filing, ranking in the 84th 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.

  • #8,214 in Construction (9,927 peers)

Coverage in Michigan

IBEW Local No. 32 - NECA Pension Plan covers 187 participants in Michigan, about 29% of the average Michigan filer (state average ~638 per filing). Assets: $33M.

#8,214
in Construction (9,927 peers)
-13.8%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

IBEW Local No. 32 - NECA Pension Plan's outsized position by total assets

IBEW Local No. 32 - NECA Pension Plan vs every filed plan by assets

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

$32,982,851 Top 16% higher than 84% 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 No. 32 - NECA Pension 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 No. 32 - NECA Pension Plan sits mid-pack in the medium band (187 participants).

EBSA filing schedule strip

Filing strip 316152294 · Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan PY 2022 · Defined Benefit (Pension)

IBEW Local No. 32 - NECA Pension Plan · $33M · 187 · 84th

  • ASSETS $33M
  • PCT 187
  • EIN 84th
  • RANK Defined Benefit (Pension)
  • PHOTO near Retirement Plan for Employees of the Academy of Motion Picture Arts & Sciences
  • IND ind #8214

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 Construction retirement plans → · Plans in Michigan →

IBEW Local No. 32 - NECA Pension Plan in the asset neighbourhood

Oerlikon USA Holding, Inc. Pension PlanOerlikon USA Holding, Inc. P…$33MIBEW Local No. 32 - NECA Pension PlanIBEW Local No. 32 - NECA Pen…$33MRetirement Plan for Employees of the Academy of Motion Picture Arts & SciencesRetirement Plan for Employee…$33MNyrstar Clarksville Inc. Salaried Employees Retirement PlanNyrstar Clarksville Inc. Sal…$33MLocal No. 863 Pension Plan$33M
End-of-year total assets ($M) among IBEW Local No. 32 - NECA Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$38M
Net Assets (End of Year)$33M
Net Income-$5M
Employer EIN316152294
Plan Effective Date1972-04-25
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$41M 24.190986400781426% vs 2022
2024 filing year
$30M$35M$40M$45M 202220232024 $33M $41M ▲ +24.2%
Year Plans Participants Total Assets
2022 1 187 $33M
2023 1 205 $36M
2024 1 211 $41M

Nearby Defined Benefit (Pension) Plans in Michigan

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

IBEW Local No. 32 - NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants IBEW Local No. 32 - NECA Pension Plan, Total assets ($B): 0.032982851 · Participants: 187IBEW Local No. 32 - NECA Pension PlanGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 40.23255743 · Participants: 18766General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 19.279653433 · Participants: 27567Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 13.42905347 · Participants: 11760Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 13.018181682 · Participants: 13759Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 8.553889919 · Participants: 14563Fca US LLC UAW Pension Agreement
IBEW Local No. 32 - NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare IBEW Local No. 32 - NECA Pension Plan side-by-side with 3 peers →

IBEW Local No. 32 - NECA Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Retirement Plan for Employees of the Academy of Motion Picture Arts & Sciences in CA ($33M); by covered participants it is Associated Medical Professionals of Ny, PLLC Employees' Defined Benefit Pension Plan in NY (187 participants). Same-state nearby plans are listed separately above.

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 No. 32 - NECA Pension Plan assets move in 2022? ▼
IBEW Local No. 32 - NECA Pension Plan pulled back noticeably - down 13.8% during 2022, from $38M to $33M. Reported net income was -$5M.
How have Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan's sponsor-wide assets grew 24.2%, from $33M to $41M.
Where does IBEW Local No. 32 - NECA Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 32 - NECA Pension Plan ranks in the 84th 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 Defined Benefit (Pension) plans are similar in size to IBEW Local No. 32 - NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan for Employees of the Academy of Motion Picture Arts & Sciences in CA ($33M, 353 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local No. 32 - NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Associated Medical Professionals of Ny, PLLC Employees' Defined Benefit Pension Plan in NY (187 participants, N/A 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 316152294.

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.