401(k) · DOL Form 5500 · 2023
IBEW Local No. 347 & Iowa Chapter of NECA, Joint Board of Trustees 401(k) Plan
Data updated 2026-08-25
- $395M
- Total assets Above avg plan size
- 2,865
- Participants Above avg headcount
- 97th
- Percentile by assets National rank
- $137,719
- Avg per participant Near avg balance/head
Official DOL plan name: IBEW Local 347 Retirement and 401(k) Plan · Sponsored by IBEW Local No. 347 & Iowa Chapter of NECA, Joint Board of Trustees · Michigan · Construction
$395M in assets, 2,865 participants
IBEW Local No. 347 & Iowa Chapter of NECA, Joint Board of Trustees's IBEW Local 347 Retirement and 401(k) Plan reported $395M in total assets and 2,865 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.
- #8,704 in Construction (9,030 peers)
Coverage in Michigan
IBEW Local 347 Retirement and 401(k) Plan covers 2,865 participants in Michigan, 4.5x the typical Michigan plan (state average ~638 per filing). Assets: $395M.
- #8,704
- in Construction (9,030 peers)
- +19.5%
- assets growth YoY
- 4.0×
- vs typical plan assets (national mean)
IBEW Local 347 Retirement and 401(k) Plan's outsized position by total assets
IBEW Local 347 Retirement and 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$394,564,826 Top 3% higher than 97% 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 347 Retirement and 401(k) 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. IBEW Local 347 Retirement and 401(k) Plan lands in the large band (2,865 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- IBEW Local 347 Retirement and 401(k) Plan reported net income rose from $6M in the plan year 2022 filing to $64M in the plan year 2023 filing.
- IBEW Local 347 Retirement and 401(k) Plan end-of-year assets rose from $330M in the plan year 2022 filing to $395M in the plan year 2023 filing.
- IBEW Local 347 Retirement and 401(k) Plan reported participants rose from 2,727 in the plan year 2022 filing to 2,865 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 454356227 · IBEW Local No. 347 & Iowa Chapter of NECA, Joint Board of Trustees PY 2023 · 401(k)
IBEW Local 347 Retirement and 401(k) Plan · $395M · 2,865 · 97th
- RANK $395M
- PHOTO 2,865
- IND 97th
- EOY 401(k)
- 5500 near R&l Carriers, Inc. 401(k) Retirement Savings Plan
- ASSETS ind #8704
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 347 Retirement and 401(k) Plan in the asset neighbourhood
Michigan filing particulars
| Total Assets (Beginning of Year) | $330M |
|---|---|
| Net Assets (End of Year) | $394M |
| Net Income | $64M |
| Employer EIN | 454356227 |
| Plan Effective Date | 1974-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local No. 347 & Iowa Chapter of NECA, Joint Board of Trustees)
Sponsor-wide plan assets over time
All IBEW Local No. 347 & Iowa Chapter of NECA, Joint Board of Trustees plans reported in each filing year
- Latest sponsor-wide plan assets
- $432M 30.748732960810027% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 2,727 | $330M |
| 2023 | 1 | 2,865 | $395M |
| 2024 | 1 | 3,268 | $432M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
- The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195
IBEW Local 347 Retirement and 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is R&l Carriers, Inc. 401(k) Retirement Savings Plan in OH ($395M); by covered participants it is Avi-Spl 401(k) Plan in FL (2,865 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($395M here).
- R&l Carriers, Inc. 401(k) Retirement Savings Plan (OH) $395M · 17,891
- Kimball International, Inc. Retirement Plan (IN) $395M · 2,020
- Everest Reinsurance Employee Savings Plan (NJ) $395M · 1,819
- Fairview Health Services 403b Plan for Mna Employees (MN) $394M · 3,816
Similar participant headcount
Nearest other-state filings by covered participants (2,865 participants); asset peers above are excluded.
- Avi-Spl 401(k) Plan (FL) 2,865 · 0 off
- Bcbsnd and Noridian Healthcare Solutions 401(k) Plan (ND) 2,863 · 2 off
- Tdindustries, Inc. 401(k)/ESOP Retirement Plan (TX) 2,863 · 2 off
- Mercy Medical Center, Inc. Retirement Savings Plan (OH) 2,867 · 2 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.