Money Purchase · DOL Form 5500 · 2023
Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan Money Purchase Plan
Data updated 2026-08-25
- $121M
- Total assets Near avg plan size
- 540
- Participants Below avg headcount
- 92nd
- Percentile by assets National rank
- $223,799
- Avg per participant Above avg balance/head
Official DOL plan name: IBEW Local 531 & NECA Money Purchase Pension Plan · Sponsored by Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan · Indiana · Construction
$121M in assets, 540 participants
Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan's IBEW Local 531 & NECA Money Purchase Pension Plan reported $121M in total assets and 540 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.
- #8,206 in Construction (9,030 peers)
Where IBEW Local 531 & NECA Money Purchase Pension Plan sits by assets
IBEW Local 531 & NECA Money Purchase Pension Plan sits in the top 10% of all filed plans by assets, $121M for 540 participants (~$223,799/participant), up 19.1% in 2023.
- #8,206
- in Construction (9,030 peers)
- +19.1%
- assets growth YoY
- 1.2×
- vs typical plan assets (national mean)
IBEW Local 531 & NECA Money Purchase Pension Plan's outsized position by total assets
IBEW Local 531 & NECA Money Purchase Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$120,851,660 Top 8% higher than 92% 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 531 & NECA Money Purchase 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 531 & NECA Money Purchase Pension Plan sits mid-pack in the medium band (540 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- IBEW Local 531 & NECA Money Purchase Pension Plan reported net income rose from $9M in the plan year 2022 filing to $19M in the plan year 2023 filing.
- IBEW Local 531 & NECA Money Purchase Pension Plan end-of-year assets rose from $102M in the plan year 2022 filing to $121M in the plan year 2023 filing.
- IBEW Local 531 & NECA Money Purchase Pension Plan reported participants rose from 515 in the plan year 2022 filing to 540 in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 356068417 · Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan PY 2023 · Money Purchase
IBEW Local 531 & NECA Money Purchase Pension Plan · $121M · 540 · 92nd
- BOOK $121M
- VS-ST 540
- BOY 92nd
- SCH Money Purchase
- EBSA near The Connell Company Retirement Plan
- PART ind #8206
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 Indiana →
IBEW Local 531 & NECA Money Purchase Pension Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $102M |
|---|---|
| Net Assets (End of Year) | $120M |
| Net Income | $19M |
| Employer EIN | 356068417 |
| Plan Effective Date | 1986-08-03 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan)
Sponsor-wide plan assets over time
All Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan plans reported in each filing year
- Latest sponsor-wide plan assets
- $137M 33.126788380265396% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 889 | $205M |
| 2023 | 2 | 964 | $241M |
| 2024 | 1 | 705 | $137M |
Nearby Money Purchase Plans in Indiana
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
- I.B.E.W Local 697 Defined Contribution Plan $390M · 981
- Rose-Hulman Institute of Technology Money Purchase Purchase Plan $202M · 593
- Plumbers and Steamfitters Local 440 Defined Contribution Plan $173M · 2,898
- International Brotherhood of Electrical Workers Local No 725 Supplemental Pension Trust $115M · 1,051
- Ncaa Retirement Plan $91M · 554
IBEW Local 531 & NECA Money Purchase Pension Plan's out-of-state Money Purchase peers by assets and headcount
Outside Indiana, the nearest Money Purchase by assets is The Connell Company Retirement Plan in NJ ($120M); by covered participants it is Northwest Employees Retirement Plan in WA (541 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($121M here).
- The Connell Company Retirement Plan (NJ) $120M · 132
- Bergelectric Corporation Money Purchase Pension Plan (CA) $120M · 1,913
- B.a.C. Local No. 3 Defined Contribution Pension Plan (CA) $122M · 758
- Roofers Union Local No. 33 Thrift Fund (MA) $122M · 1,155
Similar participant headcount
Nearest other-state filings by covered participants (540 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.