Defined Benefit (Pension) · DOL Form 5500 · 2022
IBEW Union Local 129 Pension Plan
Data updated 2026-08-06
- $109M
- Total assets
- 261
- Participants
- 93rd
- Percentile by assets
- $418,777
- Avg per participant
Official DOL plan name: IBEW Local 129 Pension Fund Pension Plan · Sponsored by IBEW Union Local 129 · Michigan · Construction
$109M in assets, 261 participants
IBEW Union Local 129's IBEW Local 129 Pension Fund Pension Plan reported $109M in total assets and 261 participants in its 2022 DOL Form 5500 filing, ranking in the 93rd 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.
- 93rd percentile by assets (of 139,258 plans)
- #9,139 in Construction (9,938 peers)
Coverage in Michigan
IBEW Local 129 Pension Fund Pension Plan covers 261 participants in Michigan, about 41% of the average Michigan filer (state average ~632 per filing). Assets: $109M.
- $109M
- total plan assets (2022 EOY)
- 261
- covered participants
- 93rd
- percentile by assets (of 139,258 plans)
- $418,777
- avg assets per participant
The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Michigan filers
In Michigan, the average filing covers about 632 participants across 3,963 plans. IBEW Local 129 Pension Fund Pension Plan reports 261 participants - about 41% of that state average ($109M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $112M |
|---|---|
| Net Assets (End of Year) | $109M |
| Net Income | -$3M |
| Employer EIN | 346701406 |
| Plan Effective Date | 1973-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Union Local 129)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 261 | $109M |
| 2023 | 1 | 271 | $117M |
| 2024 | 1 | 287 | $123M |
Nearby Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
IBEW Local 129 Pension Fund Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
- General Motors Hourly-Rate Employees Pension Plan $40.2B · 18,766
- Ford Motor Company UAW Retirement Plan $19.3B · 27,567
- Ford Motor Company General Retirement Plan $13.4B · 11,760
- Dow Employees' Pension Plan $13.0B · 13,759
- Fca US LLC UAW Pension Agreement $8.6B · 14,563
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to IBEW Local 129 Pension Fund Pension Plan by total assets, not by location.
- The Fifth Third Bancorp Master Retirement Plan (OH) $109M · 897
- Local 360 Labor-Management Pension Fund (NJ) $109M · 1,242
- Siu Pacific District Pension Plan (CA) $109M · 748
- Southwest Power Pool, Inc. Retirement Plan (AR) $109M · 632
Frequently Asked Questions
How did IBEW Local 129 Pension Fund Pension Plan assets move in 2022? ▼
How have IBEW Union Local 129 plan assets changed over time? ▼
Where does IBEW Local 129 Pension Fund Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to IBEW Local 129 Pension Fund Pension Plan? ▼
Next read for IBEW Local 129 Pension Fund Pension Plan
Filing takeaways
Ways to act on IBEW Local 129 Pension Fund Pension Plan's numbers.
- By total assets, IBEW Local 129 Pension Fund Pension Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Michigan. Compare plans
- IBEW Union Local 129's sponsor-wide assets have grown 12.2% since 2022 across 3 plan years on file. More Construction plans