Money Purchase · DOL Form 5500 · 2023

NECA-IBEW Local 480 Money Purchase Plan

Data updated 2026-08-25

$112M
Total assets Near avg plan size
485
Participants Below avg headcount
92nd
Percentile by assets National rank
$230,574
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local 480 Pension Plan · Sponsored by NECA-IBEW Local 480 · Mississippi · Other Services

$112M in assets, 485 participants

NECA-IBEW Local 480's IBEW Local 480 Pension Plan reported $112M in total assets and 485 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.

  • #7,639 in Other Services (7,857 peers)

Where IBEW Local 480 Pension Plan sits by assets

IBEW Local 480 Pension Plan sits in the top 10% of all filed plans by assets, $112M for 485 participants (~$230,574/participant), up 12.2% in 2023.

#7,639
in Other Services (7,857 peers)
+12.2%
assets growth YoY
1.1×
vs typical plan assets (national mean)

IBEW Local 480 Pension Plan's outsized position by total assets

IBEW Local 480 Pension Plan vs every filed plan by assets

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

$111,828,447 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 480 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 480 Pension Plan sits mid-pack in the medium band (485 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 480 Pension Plan reported net income rose from $8M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • IBEW Local 480 Pension Plan end-of-year assets rose from $100M in the plan year 2022 filing to $112M in the plan year 2023 filing.
  • IBEW Local 480 Pension Plan reported participants fell from 490 in the plan year 2022 filing to 485 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 646153349 · NECA-IBEW Local 480 PY 2023 · Money Purchase

IBEW Local 480 Pension Plan · $112M · 485 · 92nd

  • EOY $112M
  • EOY 485
  • EOY 92nd
  • EOY Money Purchase
  • EOY near Michiana Area Electrical Workers' Money Purchase Plan
  • EOY ind #7639

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 Other Services retirement plans → · Plans in Mississippi →

IBEW Local 480 Pension Plan in the asset neighbourhood

IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Division Retirement PlanIBEW AFL-CIO Local Union 743…$114MIBEW Local 480 Pension Plan$112MMichiana Area Electrical Workers' Money Purchase PlanMichiana Area Electrical Wor…$110MRetirement Plan for Paralegals and Partners of Curtis,Mallet-Prevost, Colt & Mosle LLPRetirement Plan for Paralega…$110MCentrastate Healthcare System Retirement PlanCentrastate Healthcare Syste…$110M
End-of-year total assets ($M) among IBEW Local 480 Pension Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$100M
Net Assets (End of Year)$112M
Net Income$12M
Employer EIN646153349
Plan Effective Date1971-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (NECA-IBEW Local 480)

Sponsor-wide plan assets over time

All NECA-IBEW Local 480 plans reported in each filing year

Latest sponsor-wide plan assets
$123M 23.879400976288075% vs 2022
2024 filing year
$90M$100M$110M$120M$130M 202220232024 $99.7M $123M ▲ +23.9%
Year Plans Participants Total Assets
2022 1 490 $100M
2023 1 485 $112M
2024 1 516 $123M

Nearby Money Purchase Plans in Mississippi

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

IBEW Local 480 Pension Plan vs. nearby Money Purchase plans in Mississippi, assets vs. participants Scatter plot of 6 data points. -20002004006008001000 -50050100150 Total assets ($M) Participants IBEW Local 480 Pension Plan, Total assets ($M): 111.828447 · Participants: 485IBEW Local 480 Pension PlanMississippi Action for Progress, Inc Retirement Plan, Total assets ($M): 21.809193 · Participants: 844Mississippi Action for Progress, Inc Retirement PlanSouthern Mississippi Planning and Development District Defined Contribution Pension Plan, Total assets ($M): 10.203126 · Participants: 147Southern Mississippi Planning and Development District Defined Contribution Pension PlanBolivar County Headstart Retirement Program, Total assets ($M): 10.025088 · Participants: 216Bolivar County Headstart Retirement ProgramPanama City Employers-Ala Local Number 1482 Money, Total assets ($M): 2.555361 · Participants: 38Panama City Employers-Ala Local Number 1482 MoneyThe Ms Group Money Purchase Plan and Trust, Total assets ($M): 0.127091 · Participants: 3The Ms Group Money Purchase Plan and Trust
IBEW Local 480 Pension Plan vs. nearby Money Purchase plans in Mississippi, assets vs. participants
Compare IBEW Local 480 Pension Plan side-by-side with 3 peers →

IBEW Local 480 Pension Plan's out-of-state Money Purchase peers by assets and headcount

Outside Mississippi, the nearest Money Purchase by assets is Michiana Area Electrical Workers' Money Purchase Plan in MI ($110M); by covered participants it is Pediatric Academic Association, Inc. Defined Contribution Plan in OH (485 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (485 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 480 Pension Plan assets move in 2023? ▼
IBEW Local 480 Pension Plan grew at a solid clip - up 12.2% during 2023, from $100M to $112M. Reported net income was $12M.
How have NECA-IBEW Local 480 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), NECA-IBEW Local 480's sponsor-wide assets grew 23.9%, from $100M to $123M.
Where does IBEW Local 480 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 480 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 Money Purchase plans are similar in size to IBEW Local 480 Pension Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Michiana Area Electrical Workers' Money Purchase Plan in MI ($110M, 1,017 participants).
Which Money Purchase plans cover a similar participant headcount to IBEW Local 480 Pension Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Pediatric Academic Association, Inc. Defined Contribution Plan in OH (485 participants, $167M 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 646153349.

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.