Profit Sharing · DOL Form 5500 · 2023
Board of Trustees of NECA-IBEW Memphis Retirement Plan Profit Sharing Plan
Data updated 2026-08-25
- $213M
- Total assets Near avg plan size
- 2,389
- Participants Above avg headcount
- 95th
- Percentile by assets National rank
- $89,314
- Avg per participant Below avg balance/head
Official DOL plan name: NECA-IBEW Memphis Retirement Plan · Sponsored by Board of Trustees of NECA-IBEW Memphis Retirement Plan · Michigan · Construction
$213M in assets, 2,389 participants
Board of Trustees of NECA-IBEW Memphis Retirement Plan's NECA-IBEW Memphis Retirement Plan reported $213M in total assets and 2,389 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.
- #8,494 in Construction (9,030 peers)
Coverage in Michigan
NECA-IBEW Memphis Retirement Plan covers 2,389 participants in Michigan, 3.7x the typical Michigan plan (state average ~638 per filing). Assets: $213M.
- #8,494
- in Construction (9,030 peers)
- +16.2%
- assets growth YoY
- 2.1×
- vs typical plan assets (national mean)
NECA-IBEW Memphis Retirement Plan's outsized position by total assets
NECA-IBEW Memphis Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$213,370,381 Top 5% higher than 95% 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
NECA-IBEW Memphis Retirement Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. NECA-IBEW Memphis Retirement Plan lands in the large band (2,389 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- NECA-IBEW Memphis Retirement Plan reported net income rose from -$5M in the plan year 2022 filing to $28M in the plan year 2023 filing.
- NECA-IBEW Memphis Retirement Plan end-of-year assets rose from $184M in the plan year 2022 filing to $213M in the plan year 2023 filing.
- NECA-IBEW Memphis Retirement Plan reported participants rose from 2,189 in the plan year 2022 filing to 2,389 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 621256120 · Board of Trustees of NECA-IBEW Memphis Retirement Plan PY 2023 · Profit Sharing
NECA-IBEW Memphis Retirement Plan · $213M · 2,389 · 95th
- EBSA $213M
- EBSA 2,389
- EBSA 95th
- EBSA Profit Sharing
- EBSA near Sharp Rees-Stealy Medical Group, Inc. Profit Sharing Plan
- EBSA ind #8494
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 →
NECA-IBEW Memphis Retirement Plan in the asset neighbourhood
Michigan filing particulars
| Total Assets (Beginning of Year) | $184M |
|---|---|
| Net Assets (End of Year) | $211M |
| Net Income | $28M |
| Employer EIN | 621256120 |
| Plan Effective Date | 1982-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of NECA-IBEW Memphis Retirement Plan)
Sponsor-wide plan assets over time
All Board of Trustees of NECA-IBEW Memphis Retirement Plan plans reported in each filing year
- Latest sponsor-wide plan assets
- $230M 25.2502457281254% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 2,189 | $184M |
| 2023 | 1 | 2,389 | $213M |
| 2024 | 1 | 2,755 | $230M |
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
- Plumbers and Pipefitters Local Union 520 Annuity Plan $205M · 1,651
NECA-IBEW Memphis Retirement Plan's out-of-state Profit Sharing peers by assets and headcount
Outside Michigan, the nearest Profit Sharing by assets is Sharp Rees-Stealy Medical Group, Inc. Profit Sharing Plan in CA ($215M); by covered participants it is General Building Laborers' Local 66 Annuity Fund in NY (2,393 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($213M here).
- Sharp Rees-Stealy Medical Group, Inc. Profit Sharing Plan (CA) $215M · 337
- Altamed Health Services Corporation 403(b) Plan (CA) $211M · 2,433
- Scansource, Inc. 401(k) Plan (SC) $216M · 1,515
- Fayez Sarofim & Co. Profit Sharing Plan (TX) $217M · 134
Similar participant headcount
Nearest other-state filings by covered participants (2,389 participants); asset peers above are excluded.
- General Building Laborers' Local 66 Annuity Fund (NY) 2,393 · 4 off
- Unitedhealth Group Puerto Rico Savings Plan (MN) 2,400 · 11 off
- Bricklayers Local 1 of PA/De Annuity Fund (PA) 2,414 · 25 off
- Stagehands Local Two Annuity Plan (IL) 2,352 · 37 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.