Defined Benefit (Pension) · DOL Form 5500 · 2022

IBEW Local 505 NECA Pension Plan Pension Plan

Data updated 2026-08-25

$58M
Total assets Below avg plan size
364
Participants Below avg headcount
89th
Percentile by assets National rank
$158,191
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local 505 NECA Pension Plan · Sponsored by IBEW Local 505 NECA Pension Plan · Alabama · Construction

$58M in assets, 364 participants

IBEW Local 505 NECA Pension Plan's IBEW Local 505 NECA Pension Plan reported $58M in total assets and 364 participants in its 2022 DOL Form 5500 filing, ranking in the 89th 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.

  • #8,676 in Construction (9,927 peers)

Where IBEW Local 505 NECA Pension Plan sits by assets

IBEW Local 505 NECA Pension Plan sits in the top quartile of all filed plans by assets, $58M for 364 participants (~$158,191/participant), up 5.6% in 2022.

#8,676
in Construction (9,927 peers)
+5.6%
assets growth YoY
0.6×
vs typical plan assets (national mean)

IBEW Local 505 NECA Pension Plan's outsized position by total assets

IBEW Local 505 NECA Pension Plan vs every filed plan by assets

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

$57,581,448 Top 11% higher than 89% 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 505 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 505 NECA Pension Plan sits mid-pack in the medium band (364 participants).

Form 5500 schedule snapshot

Filing strip 510176914 · IBEW Local 505 NECA Pension Plan PY 2022 · Defined Benefit (Pension)

IBEW Local 505 NECA Pension Plan · $58M · 364 · 89th

  • NET $58M
  • BOOK 364
  • VS-ST 89th
  • BOY Defined Benefit (Pension)
  • SCH near Retirement Plan for Employees of the O'connell Companies, Inc.
  • EBSA ind #8676

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 Alabama →

IBEW Local 505 NECA Pension Plan in the asset neighbourhood

Retirement Plan for Employees of the O'connell Companies, Inc.Retirement Plan for Employee…$58MIBEW Local 505 NECA Pension PlanIBEW Local 505 NECA Pension …$58MPension Plan for Discontinued Operations of Robert BoschPension Plan for Discontinue…$58MPlumbers & Steamfitters Pension Fund Local Union 373Plumbers & Steamfitters Pens…$58MThe Restated Noncontributory Retirement Plan for CooperativesThe Restated Noncontributory…$57M
End-of-year total assets ($M) among IBEW Local 505 NECA Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$55M
Net Assets (End of Year)$58M
Net Income$3M
Employer EIN510176914
Plan Effective Date1973-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 505 NECA Pension Plan)

Sponsor-wide plan assets over time

All IBEW Local 505 NECA Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$72M 24.49265777408029% vs 2022
2024 filing year
$55M$60M$65M$70M$75M 202220232024 $57.6M $71.7M ▲ +24.5%
Year Plans Participants Total Assets
2022 1 364 $58M
2023 1 389 $64M
2024 1 385 $72M

Nearby Defined Benefit (Pension) Plans in Alabama

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

IBEW Local 505 NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants Scatter plot of 6 data points. 0100020003000 -0.500.511.5 Total assets ($B) Participants IBEW Local 505 NECA Pension Plan, Total assets ($B): 0.057581448 · Participants: 364IBEW Local 505 NECA Pension PlanRegions Financial Corporation Retirement Plan, Total assets ($B): 1.234102296 · Participants: 309Regions Financial Corporation Retirement PlanRegions Financial Corporation Retirement Plan for Associates, Total assets ($B): 0.700189014 · Participants: 2672Regions Financial Corporation Retirement Plan for AssociatesBlue Cross and Blue Shield of Alabama Retirement Plan, Total assets ($B): 0.655441132 · Participants: 2154Blue Cross and Blue Shield of Alabama Retirement PlanVulcan Materials Company Pension Plan, Total assets ($B): 0.502591014 · Participants: 879Vulcan Materials Company Pension PlanAmerican Cast Iron Pipe Company Pension Plan, Total assets ($B): 0.432303132 · Participants: 869American Cast Iron Pipe Company Pension Plan
IBEW Local 505 NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants
Compare IBEW Local 505 NECA Pension Plan side-by-side with 3 peers →

IBEW Local 505 NECA Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Alabama, the nearest Defined Benefit (Pension) by assets is Retirement Plan for Employees of the O'connell Companies, Inc. in MA ($58M); by covered participants it is Southern Ct IBEW Pension Plan in CT (364 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (364 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 505 NECA Pension Plan assets move in 2022? ▼
IBEW Local 505 NECA Pension Plan grew at a solid clip - up 5.6% during 2022, from $55M to $58M. Reported net income was $3M.
How have IBEW Local 505 NECA Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local 505 NECA Pension Plan's sponsor-wide assets grew 24.5%, from $58M to $72M.
Where does IBEW Local 505 NECA Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 505 NECA Pension Plan ranks in the 89th 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 505 NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan for Employees of the O'connell Companies, Inc. in MA ($58M, 195 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 505 NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Southern Ct IBEW Pension Plan in CT (364 participants, $50M 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 510176914.

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.