Profit Sharing · DOL Form 5500 · 2022
Board of Trustees IBEW Local No 32 NECA Psap Profit Sharing Plan
Data updated 2026-08-11
- $37M
- Total assets
- 473
- Participants
- 85th
- Percentile by assets
- $77,529
- Avg per participant
Official DOL plan name: IBEW Local No. 32 NECA Profit Sharing Annuity Plan · Sponsored by Board of Trustees IBEW Local No 32 NECA Psap · Michigan · Construction
$37M in assets, 473 participants
Board of Trustees IBEW Local No 32 NECA Psap's IBEW Local No. 32 NECA Profit Sharing Annuity Plan reported $37M in total assets and 473 participants in its 2022 DOL Form 5500 filing, ranking in the 85th 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.
- 85th percentile by assets (of 139,126 plans)
- #8,308 in Construction (9,927 peers)
Where IBEW Local No. 32 NECA Profit Sharing Annuity Plan sits by assets
IBEW Local No. 32 NECA Profit Sharing Annuity Plan sits in the top quartile of all filed plans by assets, $37M for 473 participants (~$77,529/participant), down 4.0% in 2022.
- $37M
- total plan assets (2022 EOY)
- 473
- covered participants
- 85th
- percentile by assets (of 139,126 plans)
- $77,529
- avg assets per participant
The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
IBEW Local No. 32 NECA Profit Sharing Annuity Plan vs the 2022 asset distribution
By assets, IBEW Local No. 32 NECA Profit Sharing Annuity Plan outranks 85% 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) | $38M |
|---|---|
| Net Assets (End of Year) | $36M |
| Net Income | -$1M |
| Employer EIN | 621122985 |
| Plan Effective Date | 1980-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees IBEW Local No 32 NECA Psap)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 473 | $37M |
| 2023 | 1 | 473 | $42M |
| 2024 | 1 | 322 | $45M |
Nearby Profit Sharing Plans in Michigan
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
IBEW Local No. 32 NECA 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 No. 32 NECA Profit Sharing Annuity Plan by total assets, not by location.
- Pension Plan for Direct Labor Employees (NY) $37M · 584
- The Access Pooled Employer Plan - Series 1 (TX) $37M · 3,308
- Ironworkers Local 808 Annuity Fund (PA) $37M · 696
- Philadelphia Federal Credit Union Capital Accumulation Plan (PA) $36M · 240
Frequently Asked Questions
How did IBEW Local No. 32 NECA Profit Sharing Annuity Plan assets move in 2022? ▼
How have Board of Trustees IBEW Local No 32 NECA Psap plan assets changed over time? ▼
Where does IBEW Local No. 32 NECA Profit Sharing Annuity Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to IBEW Local No. 32 NECA Profit Sharing Annuity Plan? ▼
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Ways to act on IBEW Local No. 32 NECA Profit Sharing Annuity Plan's numbers.
- By total assets, IBEW Local No. 32 NECA 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
- Board of Trustees IBEW Local No 32 NECA Psap's sponsor-wide assets have grown 21.4% since 2022 across 3 plan years on file. More Construction plans