Profit Sharing · DOL Form 5500 · 2023

Board of Trustees IBEW Local No 32 NECA Psap Profit Sharing Plan

Data updated 2026-08-25

$42M
Total assets Below avg plan size
473
Participants Below avg headcount
84th
Percentile by assets National rank
$88,731
Avg per participant Below avg balance/head
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Official DOL plan name: IBEW Local No. 32 NECA Profit Sharing Annuity Plan · Sponsored by Board of Trustees IBEW Local No 32 NECA Psap · Michigan · Construction

$42M in assets, 473 participants

Board of Trustees IBEW Local No 32 NECA Psap's IBEW Local No. 32 NECA Profit Sharing Annuity Plan reported $42M in total assets and 473 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #7,370 in Construction (9,030 peers)

Where IBEW Local No. 32 NECA Profit Sharing Annuity Plan sits by assets

IBEW Local No. 32 NECA Profit Sharing Annuity Plan sits in the top quartile of all filed plans by assets, $42M for 473 participants (~$88,731/participant), up 14.4% in 2023.

#7,370
in Construction (9,030 peers)
+14.4%
assets growth YoY
0.4×
vs typical plan assets (national mean)

IBEW Local No. 32 NECA Profit Sharing Annuity Plan's outsized position by total assets

IBEW Local No. 32 NECA Profit Sharing Annuity Plan vs every filed plan by assets

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

$41,969,628 Top 16% higher than 84% 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 No. 32 NECA Profit Sharing Annuity 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 No. 32 NECA Profit Sharing Annuity Plan sits mid-pack in the medium band (473 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local No. 32 NECA Profit Sharing Annuity Plan reported net income rose from -$1M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • IBEW Local No. 32 NECA Profit Sharing Annuity Plan end-of-year assets rose from $37M in the plan year 2022 filing to $42M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 621122985 · Board of Trustees IBEW Local No 32 NECA Psap PY 2023 · Profit Sharing

IBEW Local No. 32 NECA Profit Sharing Annuity Plan · $42M · 473 · 84th

  • VS-ST $42M
  • BOY 473
  • SCH 84th
  • EBSA Profit Sharing
  • PART near Pioneer Human Services 403(b) Plan
  • TYPE ind #7370

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 No. 32 NECA Profit Sharing Annuity Plan in the asset neighbourhood

IBEW Local No. 32 NECA Profit Sharing Annuity PlanIBEW Local No. 32 NECA Profi…$42MPioneer Human Services 403(b) PlanPioneer Human Services 403(b…$42MWayne Unc 401(a) Plan$42MDerrickmens Annuity Fund, Local 197Derrickmens Annuity Fund, Lo…$42MIronworkers Local 808 Annuity FundIronworkers Local 808 Annuit…$42M
End-of-year total assets ($M) among IBEW Local No. 32 NECA Profit Sharing Annuity Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$42M
Net Income$6M
Employer EIN621122985
Plan Effective Date1980-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local No 32 NECA Psap)

Sponsor-wide plan assets over time

All Board of Trustees IBEW Local No 32 NECA Psap plans reported in each filing year

Latest sponsor-wide plan assets
$45M 21.431290956090276% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $36.7M $44.5M ▲ +21.4%
Year Plans Participants Total Assets
2022 1 473 $37M
2023 1 473 $42M
2024 1 322 $45M

Nearby Profit Sharing Plans in Michigan

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

IBEW Local No. 32 NECA Profit Sharing Annuity Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.52 Total assets ($B) Participants IBEW Local No. 32 NECA Profit Sharing Annuity Plan, Total assets ($B): 0.041969628 · Participants: 473IBEW Local No. 32 NECA Profit Sharing Annuity PlanHenry Ford Health System Retirement Savings Plan, Total assets ($B): 1.723538402 · Participants: 14349Henry Ford Health System Retirement Savings PlanConstruction Industry Retirement Fund of Rockford, Total assets ($B): 0.564072893 · Participants: 10685Construction Industry Retirement Fund of RockfordOhio Carpenters' Annuity Plan, Total assets ($B): 0.409857897 · Participants: 9314Ohio Carpenters' Annuity PlanHemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan, Total assets ($B): 0.288437417 · Participants: 1404Hemlock Semiconductor Operations LLC Employees' Capital Accumulation PlanNECA-IBEW Memphis Retirement Plan, Total assets ($B): 0.213370381 · Participants: 2389NECA-IBEW Memphis Retirement Plan
IBEW Local No. 32 NECA Profit Sharing Annuity Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants
Compare IBEW Local No. 32 NECA Profit Sharing Annuity Plan side-by-side with 3 peers →

IBEW Local No. 32 NECA Profit Sharing Annuity Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Michigan, the nearest Profit Sharing by assets is Pioneer Human Services 403(b) Plan in WA ($42M); by covered participants it is Srk Retirement Savings & Investment Plan in OH (473 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($42M here).

Similar participant headcount

Nearest other-state filings by covered participants (473 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 No. 32 NECA Profit Sharing Annuity Plan assets move in 2023? ▼
IBEW Local No. 32 NECA Profit Sharing Annuity Plan grew at a solid clip - up 14.4% during 2023, from $37M to $42M. Reported net income was $6M.
How have Board of Trustees IBEW Local No 32 NECA Psap plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees IBEW Local No 32 NECA Psap's sponsor-wide assets grew 21.4%, from $37M to $45M.
Where does IBEW Local No. 32 NECA Profit Sharing Annuity Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 32 NECA Profit Sharing Annuity Plan ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to IBEW Local No. 32 NECA Profit Sharing Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Pioneer Human Services 403(b) Plan in WA ($42M, 756 participants).
Which Profit Sharing plans cover a similar participant headcount to IBEW Local No. 32 NECA Profit Sharing Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Srk Retirement Savings & Investment Plan in OH (473 participants, $66M 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 621122985.

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.