401(k) · DOL Form 5500 · 2023

Board of Trustees of IBEW Local Union No. 520 Annuity Trust Fund 401(k) Plan

Data updated 2026-08-11

$121M
Total assets: 3,818
Participants: 92nd
Percentile by assets: $31,711
Avg per participant

Official DOL plan name: IBEW Local Union No. 520 Annuity Plan · Sponsored by Board of Trustees of IBEW Local Union No. 520 Annuity Trust Fund · New Mexico · Construction

$121M in assets, 3,818 participants

Board of Trustees of IBEW Local Union No. 520 Annuity Trust Fund's IBEW Local Union No. 520 Annuity Plan reported $121M in total assets and 3,818 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

92nd percentile by assets (of 127,072 plans)
#8,208 in Construction (9,030 peers)

Coverage in New Mexico

IBEW Local Union No. 520 Annuity Plan covers 3,818 participants in New Mexico, 10x the typical New Mexico plan (state average ~365 per filing). Assets: $121M.

$121M
total plan assets (2023 EOY): 3,818
covered participants: 92nd
percentile by assets (of 127,072 plans): $31,711
avg assets per participant

Where IBEW Local Union No. 520 Annuity Plan sits by total assets

IBEW Local Union No. 520 Annuity Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$121,073,062 Top 8% higher than 92% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

IBEW Local Union No. 520 Annuity Plan reported net income rose from -$14M in the plan year 2022 filing to $19M in the plan year 2023 filing.
IBEW Local Union No. 520 Annuity Plan end-of-year assets rose from $102M in the plan year 2022 filing to $121M in the plan year 2023 filing.
IBEW Local Union No. 520 Annuity Plan reported participants rose from 3,700 in the plan year 2022 filing to 3,818 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

New Mexico

Industry

Construction

Participants vs New Mexico filers

In New Mexico, the average filing covers about 365 participants across 466 plans. IBEW Local Union No. 520 Annuity Plan reports 3,818 participants - 10x that state average ($121M EOY assets).

New Mexico filing particulars

Total Assets (Beginning of Year)	$102M
Net Assets (End of Year)	$121M
Net Income	$19M
Employer EIN	752072597
Plan Effective Date	1997-12-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees of IBEW Local Union No. 520 Annuity Trust Fund)

Total plan assets by year, all Board of Trustees of IBEW Local Union No. 520 Annuity Trust Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	3,700	$102M
2023	1	3,818	$121M
2024	1	3,913	$138M

Nearby 401(k) Plans in New Mexico

Peer 401(k) plans, same state, same plan type, ranked by total assets.

IBEW Local Union No. 520 Annuity Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants

Ntess Savings and Income Plan $6.1B · 14,721
Triad 401(k) Retirement Plan $2.0B · 10,005
Triad 401(k) Savings Plan $840M · 2,249
Pnm Resources, Inc. Retirement Savings Plan $765M · 1,531
Applied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust $573M · 1,962

Compare IBEW Local Union No. 520 Annuity Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to IBEW Local Union No. 520 Annuity Plan by total assets, not by location.

New American Funding, LLC 401(k) Plan (CA) $121M · 3,394
Pinebridge 401(k) Retirement Savings Plan (NY) $121M · 258
Sheet Metal Workers Local Union No. 80 Annuity Fund (MI) $121M · 1,712
Material 401(k) Profit Sharing Plan (CA) $121M · 1,248

Frequently Asked Questions

How did IBEW Local Union No. 520 Annuity Plan assets move in 2023? ▼

IBEW Local Union No. 520 Annuity Plan grew sharply - up 18.1% during 2023, from $102M to $121M. Reported net income was $19M.

How have Board of Trustees of IBEW Local Union No. 520 Annuity Trust Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of IBEW Local Union No. 520 Annuity Trust Fund's sponsor-wide assets grew 35.1%, from $102M to $138M.

Where does IBEW Local Union No. 520 Annuity Plan rank by assets among Form 5500 filers? ▼

IBEW Local Union No. 520 Annuity Plan ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to IBEW Local Union No. 520 Annuity Plan? ▼

Among 401(k) plans in other states, the closest by assets is New American Funding, LLC 401(k) Plan in CA ($121M, 3,394 participants).

Next read for IBEW Local Union No. 520 Annuity Plan

Filing takeaways

Ways to act on IBEW Local Union No. 520 Annuity Plan's numbers.

By total assets, IBEW Local Union No. 520 Annuity Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in New Mexico. Compare plans
Board of Trustees of IBEW Local Union No. 520 Annuity Trust Fund's sponsor-wide assets have grown 35.1% since 2022 across 3 plan years on file. More Construction plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 752072597.