Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan Pension Plan

Data updated 2026-08-25

$36M
Total assets Below avg plan size
205
Participants Below avg headcount
82nd
Percentile by assets National rank
$175,839
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local No. 32 - NECA Pension Plan · Sponsored by Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan · Michigan · Construction

$36M in assets, 205 participants

Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan's IBEW Local No. 32 - NECA Pension Plan reported $36M in total assets and 205 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.

  • #7,228 in Construction (9,030 peers)

Coverage in Michigan

IBEW Local No. 32 - NECA Pension Plan covers 205 participants in Michigan, about 32% of the average Michigan filer (state average ~638 per filing). Assets: $36M.

#7,228
in Construction (9,030 peers)
+10.0%
assets growth YoY
0.4×
vs typical plan assets (national mean)

IBEW Local No. 32 - NECA Pension Plan's outsized position by total assets

IBEW Local No. 32 - NECA Pension Plan vs every filed plan by assets

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

$36,046,998 Top 18% higher than 82% of 127,068 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 2023

IBEW Local No. 32 - NECA Pension 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 No. 32 - NECA Pension Plan sits mid-pack in the medium band (205 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local No. 32 - NECA Pension Plan reported net income rose from -$5M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • IBEW Local No. 32 - NECA Pension Plan reported participants rose from 187 in the plan year 2022 filing to 205 in the plan year 2023 filing.
  • IBEW Local No. 32 - NECA Pension Plan end-of-year assets rose from $33M in the plan year 2022 filing to $36M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 316152294 · Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan PY 2023 · Defined Benefit (Pension)

IBEW Local No. 32 - NECA Pension Plan · $36M · 205 · 82nd

  • RANK $36M
  • RANK 205
  • RANK 82nd
  • RANK Defined Benefit (Pension)
  • RANK near Greenville Plumbers & Pipefitters Pension Fund
  • RANK ind #7228

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 Michigan →

IBEW Local No. 32 - NECA Pension Plan in the asset neighbourhood

Avon Products Inc Personal Retirement Account PlanAvon Products Inc Personal R…$36MBudget Rent a Car System, Inc. Employees' Pension PlanBudget Rent a Car System, In…$36MIBEW Local No. 32 - NECA Pension PlanIBEW Local No. 32 - NECA Pen…$36MGreenville Plumbers & Pipefitters Pension FundGreenville Plumbers & Pipefi…$36MSt. Joseph Health Services of Rhode Island Retirement PlanSt. Joseph Health Services o…$36M
End-of-year total assets ($M) among IBEW Local No. 32 - NECA Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$36M
Net Income$3M
Employer EIN316152294
Plan Effective Date1972-04-25
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$41M 24.190986400781426% vs 2022
2024 filing year
$30M$35M$40M$45M 202220232024 $33M $41M ▲ +24.2%
Year Plans Participants Total Assets
2022 1 187 $33M
2023 1 205 $36M
2024 1 211 $41M

Nearby Defined Benefit (Pension) Plans in Michigan

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

IBEW Local No. 32 - NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants IBEW Local No. 32 - NECA Pension Plan, Total assets ($B): 0.036046998 · Participants: 205IBEW Local No. 32 - NECA Pension PlanGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 44.838918802 · Participants: 17959General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 19.269442236 · Participants: 26442Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 12.705910161 · Participants: 10215Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 11.529460215 · Participants: 14051Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 11.155705594 · Participants: 13635Fca US LLC UAW Pension Agreement
IBEW Local No. 32 - NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare IBEW Local No. 32 - NECA Pension Plan side-by-side with 3 peers →

IBEW Local No. 32 - NECA Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Greenville Plumbers & Pipefitters Pension Fund in TX ($36M); by covered participants it is Sheet Metal, Air, Rail & Transportation Association Local No. 33 Youngstown District Pension Fund in OH (205 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (205 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did IBEW Local No. 32 - NECA Pension Plan assets move in 2023? ▼
IBEW Local No. 32 - NECA Pension Plan grew at a solid clip - up 10.0% during 2023, from $33M to $36M. Reported net income was $3M.
How have Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan's sponsor-wide assets grew 24.2%, from $33M to $41M.
Where does IBEW Local No. 32 - NECA Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 32 - NECA Pension Plan ranks in the 82nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to IBEW Local No. 32 - NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Greenville Plumbers & Pipefitters Pension Fund in TX ($36M, N/A participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local No. 32 - NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Sheet Metal, Air, Rail & Transportation Association Local No. 33 Youngstown District Pension Fund in OH (205 participants, $77M in assets).

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 316152294.

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.