Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Union Local 129 Pension Plan

Data updated 2026-08-25

$117M
Total assets Near avg plan size
271
Participants Below avg headcount
92nd
Percentile by assets National rank
$431,315
Avg per participant High balance/head
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Official DOL plan name: IBEW Local 129 Pension Fund Pension Plan · Sponsored by IBEW Union Local 129 · Michigan · Construction

$117M in assets, 271 participants

IBEW Union Local 129's IBEW Local 129 Pension Fund Pension Plan reported $117M in total assets and 271 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.

  • #8,187 in Construction (9,030 peers)

Coverage in Michigan

IBEW Local 129 Pension Fund Pension Plan covers 271 participants in Michigan, about 42% of the average Michigan filer (state average ~638 per filing). Assets: $117M.

#8,187
in Construction (9,030 peers)
+6.9%
assets growth YoY
1.2×
vs typical plan assets (national mean)

IBEW Local 129 Pension Fund Pension Plan's outsized position by total assets

IBEW Local 129 Pension Fund Pension Plan vs every filed plan by assets

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

$116,886,401 Top 8% higher than 92% 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 129 Pension Fund 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 129 Pension Fund Pension Plan sits mid-pack in the medium band (271 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 129 Pension Fund Pension Plan reported net income rose from -$3M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • IBEW Local 129 Pension Fund Pension Plan end-of-year assets rose from $109M in the plan year 2022 filing to $117M in the plan year 2023 filing.
  • IBEW Local 129 Pension Fund Pension Plan reported participants rose from 261 in the plan year 2022 filing to 271 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 346701406 · IBEW Union Local 129 PY 2023 · Defined Benefit (Pension)

IBEW Local 129 Pension Fund Pension Plan · $117M · 271 · 92nd

  • EOY $117M
  • 5500 271
  • ASSETS 92nd
  • PCT Defined Benefit (Pension)
  • EIN near Gray Television, Inc. Retirement Plan
  • RANK ind #8187

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 129 Pension Fund Pension Plan in the asset neighbourhood

Pension Plan for Hourly Paid Employees of Stanley Black & Decker, Inc.Pension Plan for Hourly Paid…$117MProducers Rice Mill, Inc. Pension PlanProducers Rice Mill, Inc. Pe…$117MGray Television, Inc. Retirement PlanGray Television, Inc. Retire…$117MIBEW Local 129 Pension Fund Pension PlanIBEW Local 129 Pension Fund …$117MInterhealth Corp. Retirement PlanInterhealth Corp. Retirement…$117M
End-of-year total assets ($M) among IBEW Local 129 Pension Fund Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$109M
Net Assets (End of Year)$116M
Net Income$7M
Employer EIN346701406
Plan Effective Date1973-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Union Local 129)

Sponsor-wide plan assets over time

All IBEW Union Local 129 plans reported in each filing year

Latest sponsor-wide plan assets
$123M 12.237760580692388% vs 2022
2024 filing year
$105M$110M$115M$120M$125M 202220232024 $109M $123M ▲ +12.2%
Year Plans Participants Total Assets
2022 1 261 $109M
2023 1 271 $117M
2024 1 287 $123M

Nearby Defined Benefit (Pension) Plans in Michigan

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

IBEW Local 129 Pension Fund Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants IBEW Local 129 Pension Fund Pension Plan, Total assets ($B): 0.116886401 · Participants: 271IBEW Local 129 Pension Fund 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 129 Pension Fund Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare IBEW Local 129 Pension Fund Pension Plan side-by-side with 3 peers →

IBEW Local 129 Pension Fund Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Gray Television, Inc. Retirement Plan in GA ($117M); by covered participants it is Unify Financial Credit Union Pension Plan in CA (271 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (271 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 129 Pension Fund Pension Plan assets move in 2023? ▼
IBEW Local 129 Pension Fund Pension Plan grew at a solid clip - up 6.9% during 2023, from $109M to $117M. Reported net income was $7M.
How have IBEW Union Local 129 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Union Local 129's sponsor-wide assets grew 12.2%, from $109M to $123M.
Where does IBEW Local 129 Pension Fund Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 129 Pension Fund Pension Plan ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to IBEW Local 129 Pension Fund Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Gray Television, Inc. Retirement Plan in GA ($117M, 780 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 129 Pension Fund Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Unify Financial Credit Union Pension Plan in CA (271 participants, $87M 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 346701406.

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.