Profit Sharing · DOL Form 5500 · 2023
IBEW Local Union 129 Profit Sharing Plan
Data updated 2026-08-25
- $48M
- Total assets Below avg plan size
- 370
- Participants Below avg headcount
- 85th
- Percentile by assets National rank
- $130,876
- Avg per participant Near avg balance/head
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.
- #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.
- #6,852
- in Finance & Insurance (8,869 peers)
- +14.6%
- assets growth YoY
- 0.5×
- vs typical plan assets (national mean)
IBEW Local 129 Profit Sharing Annuity Plan's outsized position by total assets
IBEW Local 129 Profit Sharing Annuity Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$48,424,227 Top 15% higher than 85% 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 129 Profit Sharing Annuity Plan among mid-size filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 129 Profit Sharing Annuity Plan sits mid-pack in the medium band (370 participants).
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.
DOL schedule card
Filing strip 341414182 · IBEW Local Union 129 PY 2023 · Profit Sharing
IBEW Local 129 Profit Sharing Annuity Plan · $48M · 370 · 85th
- BOOK $48M
- BOOK 370
- BOOK 85th
- BOOK Profit Sharing
- BOOK near Americas 403b Pep
- BOOK ind #6852
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 Finance & Insurance retirement plans → · Plans in Michigan →
IBEW Local 129 Profit Sharing Annuity Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All IBEW Local Union 129 plans reported in each filing year
- Latest sponsor-wide plan assets
- $52M 24.18826037896828% vs 2022
- 2024 filing year
| 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.
- 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
IBEW Local 129 Profit Sharing Annuity Plan's out-of-state Profit Sharing peers by assets and headcount
Outside Michigan, the nearest Profit Sharing by assets is Americas 403b Pep in PA ($48M); by covered participants it is Southwest Health Corporation (Hospital Metropolitano San German, Cabo Rojo Y Arecibo) in PR (370 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($48M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (370 participants); asset peers above are excluded.
- Southwest Health Corporation (Hospital Metropolitano San German, Cabo Rojo Y Arecibo) (PR) 370 · 0 off
- Victor Community Support Services, Inc. Retirement Plan (CA) 370 · 0 off
- The Lakes Community Health Center, Inc. 403(b) Plan (WI) 371 · 1 off
- Retirement Plan for Employees of H. B. Magruder Memorial Hospital (OH) 371 · 1 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.