Defined Benefit (Pension) · DOL Form 5500 · 2022

Trustees of IBEW Local 531 & NECA Pension Plan Pension Plan

Data updated 2026-08-25

$103M
Total assets Near avg plan size
374
Participants Below avg headcount
93rd
Percentile by assets National rank
$276,615
Avg per participant High balance/head
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Official DOL plan name: IBEW Local 531 & NECA Pension Plan · Sponsored by Trustees of IBEW Local 531 & NECA Pension Plan · Indiana · Construction

$103M in assets, 374 participants

Trustees of IBEW Local 531 & NECA Pension Plan's IBEW Local 531 & NECA Pension Plan reported $103M in total assets and 374 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.

  • #9,101 in Construction (9,927 peers)

Where IBEW Local 531 & NECA Pension Plan sits by assets

IBEW Local 531 & NECA Pension Plan sits in the top 10% of all filed plans by assets, $103M for 374 participants (~$276,615/participant), up 4.0% in 2022.

#9,101
in Construction (9,927 peers)
+4.0%
assets growth YoY
1.0×
vs typical plan assets (national mean)

IBEW Local 531 & NECA Pension Plan's outsized position by total assets

IBEW Local 531 & NECA Pension Plan vs every filed plan by assets

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

$103,453,953 Top 7% higher than 93% 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 531 & 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 531 & NECA Pension Plan sits mid-pack in the medium band (374 participants).

DOL schedule card

Filing strip 356068417 · Trustees of IBEW Local 531 & NECA Pension Plan PY 2022 · Defined Benefit (Pension)

IBEW Local 531 & NECA Pension Plan · $103M · 374 · 93rd

  • VS-ST $103M
  • VS-ST 374
  • VS-ST 93rd
  • VS-ST Defined Benefit (Pension)
  • VS-ST near Major League Baseball Pension Plan for Non-Uniformed Personnel
  • VS-ST ind #9101

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 Indiana →

IBEW Local 531 & NECA Pension Plan in the asset neighbourhood

Santafe Healthcare, Inc. Pension PlanSantafe Healthcare, Inc. Pen…$104MCapgemini Cash Balance Retirement PlanCapgemini Cash Balance Retir…$104MIBEW Local 531 & NECA Pension PlanIBEW Local 531 & NECA Pensio…$103MMajor League Baseball Pension Plan for Non-Uniformed PersonnelMajor League Baseball Pensio…$103MI.L.a. Prssa Pension Plan$103M
End-of-year total assets ($M) among IBEW Local 531 & 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)$100M
Net Assets (End of Year)$103M
Net Income$4M
Employer EIN356068417
Plan Effective Date1965-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of IBEW Local 531 & NECA Pension Plan)

Sponsor-wide plan assets over time

All Trustees of IBEW Local 531 & NECA Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$137M 33.126788380265396% vs 2022
2024 filing year
$100M$150M$200M$250M$300M 202220232024 $205M $137M ▼ -33.1%
Year Plans Participants Total Assets
2022 2 889 $205M
2023 2 964 $241M
2024 1 705 $137M

Nearby Defined Benefit (Pension) Plans in Indiana

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

IBEW Local 531 & NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -5051015 Total assets ($B) Participants IBEW Local 531 & NECA Pension Plan, Total assets ($B): 0.103453953 · Participants: 374IBEW Local 531 & NECA Pension PlanThe Lilly Retirement Plan, Total assets ($B): 11.231261789 · Participants: 16878The Lilly Retirement PlanCummins Pension Plan, Total assets ($B): 3.227971207 · Participants: 24119Cummins Pension PlanIndiana Laborers Pension Fund, Total assets ($B): 1.488495807 · Participants: 9896Indiana Laborers Pension FundElevance Health Cash Balance Plan a, Total assets ($B): 1.222287988 · Participants: 8650Elevance Health Cash Balance Plan aNisource Pension Plan, Total assets ($B): 1.05154978 · Participants: 2283Nisource Pension Plan
IBEW Local 531 & NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants
Compare IBEW Local 531 & NECA Pension Plan side-by-side with 3 peers →

IBEW Local 531 & NECA Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Indiana, the nearest Defined Benefit (Pension) by assets is Major League Baseball Pension Plan for Non-Uniformed Personnel in NY ($103M); by covered participants it is Employees' Retirement Plan of Universal Leaf Tobacco Co. & Designated Affiliated Cos in VA (374 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($103M here).

Similar participant headcount

Nearest other-state filings by covered participants (374 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 531 & NECA Pension Plan assets move in 2022? ▼
IBEW Local 531 & NECA Pension Plan edged up modestly - up 4.0% during 2022, from $100M to $103M. Reported net income was $4M.
How have Trustees of IBEW Local 531 & NECA Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of IBEW Local 531 & NECA Pension Plan's sponsor-wide assets declined 33.1%, from $205M to $137M.
Where does IBEW Local 531 & NECA Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 531 & NECA Pension Plan ranks in the 93rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to IBEW Local 531 & NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Major League Baseball Pension Plan for Non-Uniformed Personnel in NY ($103M, 442 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 531 & NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Employees' Retirement Plan of Universal Leaf Tobacco Co. & Designated Affiliated Cos in VA (374 participants, $207M 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 356068417.

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.