Profit Sharing · DOL Form 5500 · 2022

Board of Trustees IBEW Local No 32 NECA Psap Profit Sharing Plan

Data updated 2026-08-25

$37M
Total assets Below avg plan size
473
Participants Below avg headcount
85th
Percentile by assets National rank
$77,529
Avg per participant Below avg balance/head
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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.

  • #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.

#8,308
in Construction (9,927 peers)
-4.0%
assets change YoY
0.4×
vs typical plan assets (national mean)

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's outsized position by total assets

IBEW Local No. 32 NECA Profit Sharing Annuity Plan vs every filed plan by assets

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

$36,671,286 Top 15% higher than 85% 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 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 No. 32 NECA Profit Sharing Annuity Plan sits mid-pack in the medium band (473 participants).

Plan-year Form 5500 strip

Filing strip 621122985 · Board of Trustees IBEW Local No 32 NECA Psap PY 2022 · Profit Sharing

IBEW Local No. 32 NECA Profit Sharing Annuity Plan · $37M · 473 · 85th

  • SCH $37M
  • EBSA 473
  • PART 85th
  • TYPE Profit Sharing
  • NET near Pension Plan for Direct Labor Employees
  • BOOK ind #8308

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 Profit Sharing Annuity Plan in the asset neighbourhood

Ironworkers Local 808 Annuity FundIronworkers Local 808 Annuit…$37MThe Access Pooled Employer Plan - Series 1The Access Pooled Employer P…$37MIBEW Local No. 32 NECA Profit Sharing Annuity PlanIBEW Local No. 32 NECA Profi…$37MPension Plan for Direct Labor EmployeesPension Plan for Direct Labo…$37MPhiladelphia Federal Credit Union Capital Accumulation PlanPhiladelphia Federal Credit …$36M
End-of-year total assets ($M) among IBEW Local No. 32 NECA 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)$38M
Net Assets (End of Year)$36M
Net Income-$1M
Employer EIN621122985
Plan Effective Date1980-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local No 32 NECA Psap)

Sponsor-wide plan assets over time

All Board of Trustees IBEW Local No 32 NECA Psap plans reported in each filing year

Latest sponsor-wide plan assets
$45M 21.431290956090276% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $36.7M $44.5M ▲ +21.4%
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 Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.52 Total assets ($B) Participants IBEW Local No. 32 NECA Profit Sharing Annuity Plan, Total assets ($B): 0.036671286 · Participants: 473IBEW Local No. 32 NECA 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 No. 32 NECA Profit Sharing Annuity Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants
Compare IBEW Local No. 32 NECA Profit Sharing Annuity Plan side-by-side with 3 peers →

IBEW Local No. 32 NECA Profit Sharing Annuity Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Michigan, the nearest Profit Sharing by assets is Pension Plan for Direct Labor Employees in NY ($37M); by covered participants it is Cognia ERISA 403(b) Plan in GA (472 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (473 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 No. 32 NECA Profit Sharing Annuity Plan assets move in 2022? ▼
IBEW Local No. 32 NECA Profit Sharing Annuity Plan edged down modestly - down 4.0% during 2022, from $38M to $37M. Reported net income was -$1M.
How have Board of Trustees IBEW Local No 32 NECA Psap plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees IBEW Local No 32 NECA Psap's sponsor-wide assets grew 21.4%, from $37M to $45M.
Where does IBEW Local No. 32 NECA Profit Sharing Annuity Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 32 NECA Profit Sharing Annuity Plan ranks in the 85th 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 No. 32 NECA Profit Sharing Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Pension Plan for Direct Labor Employees in NY ($37M, 584 participants).
Which Profit Sharing plans cover a similar participant headcount to IBEW Local No. 32 NECA Profit Sharing Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Cognia ERISA 403(b) Plan in GA (472 participants, $80M 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 621122985.

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.