Profit Sharing · DOL Form 5500 · 2023
Board of Trustees of NECA-IBEW Memphis Retirement Plan Profit Sharing Plan
Data updated 2026-08-11
- $213M
- Total assets
- 2,389
- Participants
- 95th
- Percentile by assets
- $89,314
- Avg per participant
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.
- 95th percentile by assets (of 127,072 plans)
- #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.
- $213M
- total plan assets (2023 EOY)
- 2,389
- covered participants
- 95th
- percentile by assets (of 127,072 plans)
- $89,314
- avg assets per participant
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.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. NECA-IBEW Memphis Retirement Plan reports 2,389 participants - 3.7x that state average ($213M EOY assets).
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)
| 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.
NECA-IBEW Memphis Retirement 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
- Plumbers and Pipefitters Local Union 520 Annuity Plan $205M · 1,651
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to NECA-IBEW Memphis Retirement Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did NECA-IBEW Memphis Retirement Plan assets move in 2023? ▼
How have Board of Trustees of NECA-IBEW Memphis Retirement Plan plan assets changed over time? ▼
Where does NECA-IBEW Memphis Retirement Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to NECA-IBEW Memphis Retirement Plan? ▼
Next read for NECA-IBEW Memphis Retirement Plan
Filing takeaways
Ways to act on NECA-IBEW Memphis Retirement Plan's numbers.
- By total assets, NECA-IBEW Memphis Retirement Plan ranks in the top 5% 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
- Board of Trustees of NECA-IBEW Memphis Retirement Plan's sponsor-wide assets have grown 25.3% since 2022 across 3 plan years on file. More Construction plans