Profit Sharing · DOL Form 5500 · 2023
IBEW Local Union 129 Profit Sharing Plan
Data updated 2026-08-11
- $48M
- Total assets
- 370
- Participants
- 85th
- Percentile by assets
- $130,876
- Avg per participant
Official DOL plan name: IBEW Local 129 Profit Sharing Annuity Plan · Sponsored by IBEW Local Union 129 · Michigan · Finance & Insurance
$48M in assets, 370 participants
IBEW Local Union 129's IBEW Local 129 Profit Sharing Annuity Plan reported $48M in total assets and 370 participants in its 2023 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 127,072 plans)
- #6,852 in Finance & Insurance (8,869 peers)
Where IBEW Local 129 Profit Sharing Annuity Plan sits by assets
IBEW Local 129 Profit Sharing Annuity Plan sits in the top quartile of all filed plans by assets, $48M for 370 participants (~$130,876/participant), up 14.6% in 2023.
- $48M
- total plan assets (2023 EOY)
- 370
- covered participants
- 85th
- percentile by assets (of 127,072 plans)
- $130,876
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- IBEW Local 129 Profit Sharing Annuity Plan reported net income rose from -$11M in the plan year 2022 filing to $6M in the plan year 2023 filing.
- IBEW Local 129 Profit Sharing Annuity Plan end-of-year assets rose from $42M in the plan year 2022 filing to $48M in the plan year 2023 filing.
- IBEW Local 129 Profit Sharing Annuity Plan reported participants rose from 352 in the plan year 2022 filing to 370 in the plan year 2023 filing.
IBEW Local 129 Profit Sharing Annuity Plan vs the 2023 asset distribution
By assets, IBEW Local 129 Profit Sharing Annuity Plan outranks 85% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $42M |
|---|---|
| Net Assets (End of Year) | $48M |
| Net Income | $6M |
| Employer EIN | 341414182 |
| Plan Effective Date | 1983-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local Union 129)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 352 | $42M |
| 2023 | 1 | 370 | $48M |
| 2024 | 1 | 387 | $52M |
Nearby Profit Sharing Plans in Michigan
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
IBEW Local 129 Profit Sharing Annuity Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants
- Henry Ford Health System Retirement Savings Plan $1.7B · 14,349
- Construction Industry Retirement Fund of Rockford $564M · 10,685
- Ohio Carpenters' Annuity Plan $410M · 9,314
- Hemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan $288M · 1,404
- NECA-IBEW Memphis Retirement Plan $213M · 2,389
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to IBEW Local 129 Profit Sharing Annuity Plan by total assets, not by location.
- Americas 403b Pep (PA) $48M · 857
- Taylor, Porter, Brooks & Phillips, L.L.P. Profit Sharing Plan (LA) $48M · 86
- Bay Cove Human Services, Inc. 403(b) Savings and Retirement Plan (MA) $49M · 902
- The Profit Sharing and Retirement Plan for the Mountain Company and the Laurel Management Group, Inc. (WV) $49M · 274
Frequently Asked Questions
How did IBEW Local 129 Profit Sharing Annuity Plan assets move in 2023? ▼
How have IBEW Local Union 129 plan assets changed over time? ▼
Where does IBEW Local 129 Profit Sharing Annuity Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to IBEW Local 129 Profit Sharing Annuity Plan? ▼
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Scale reading
Ways to act on IBEW Local 129 Profit Sharing Annuity Plan's numbers.
- By total assets, IBEW Local 129 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
- IBEW Local Union 129's sponsor-wide assets have grown 24.2% since 2022 across 3 plan years on file. More Finance & Insurance plans