Defined Benefit (Pension) · DOL Form 5500 · 2023

IBEW Local 505 NECA Pension Plan Pension Plan

Data updated 2026-08-25

$64M
Total assets Below avg plan size
389
Participants Below avg headcount
88th
Percentile by assets National rank
$164,845
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local 505 NECA Pension Plan · Sponsored by IBEW Local 505 NECA Pension Plan · Alabama · Construction

$64M in assets, 389 participants

IBEW Local 505 NECA Pension Plan's IBEW Local 505 NECA Pension Plan reported $64M in total assets and 389 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,748 in Construction (9,030 peers)

Where IBEW Local 505 NECA Pension Plan sits by assets

IBEW Local 505 NECA Pension Plan sits in the top quartile of all filed plans by assets, $64M for 389 participants (~$164,845/participant), up 11.4% in 2023.

#7,748
in Construction (9,030 peers)
+11.4%
assets growth YoY
0.6×
vs typical plan assets (national mean)

IBEW Local 505 NECA Pension Plan's outsized position by total assets

IBEW Local 505 NECA Pension Plan vs every filed plan by assets

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

$64,124,805 Top 12% higher than 88% 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 505 NECA 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 505 NECA Pension Plan sits mid-pack in the medium band (389 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 505 NECA Pension Plan reported net income rose from $3M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • IBEW Local 505 NECA Pension Plan end-of-year assets rose from $58M in the plan year 2022 filing to $64M in the plan year 2023 filing.
  • IBEW Local 505 NECA Pension Plan reported participants rose from 364 in the plan year 2022 filing to 389 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 510176914 · IBEW Local 505 NECA Pension Plan PY 2023 · Defined Benefit (Pension)

IBEW Local 505 NECA Pension Plan · $64M · 389 · 88th

  • RANK $64M
  • RANK 389
  • RANK 88th
  • RANK Defined Benefit (Pension)
  • RANK near Management-Labor Pension Fund Local 1730 Ila
  • RANK ind #7748

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 Alabama →

IBEW Local 505 NECA Pension Plan in the asset neighbourhood

Siu Rivers Pension Trust$64MThe New York Philharmonic Orchestra Pension PlanThe New York Philharmonic Or…$64MIBEW Local 505 NECA Pension PlanIBEW Local 505 NECA Pension …$64MManagement-Labor Pension Fund Local 1730 IlaManagement-Labor Pension Fun…$64MHm/Fm Retirement Plan$64M
End-of-year total assets ($M) among IBEW Local 505 NECA Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$58M
Net Assets (End of Year)$64M
Net Income$7M
Employer EIN510176914
Plan Effective Date1973-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local 505 NECA Pension Plan)

Sponsor-wide plan assets over time

All IBEW Local 505 NECA Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$72M 24.49265777408029% vs 2022
2024 filing year
$55M$60M$65M$70M$75M 202220232024 $57.6M $71.7M ▲ +24.5%
Year Plans Participants Total Assets
2022 1 364 $58M
2023 1 389 $64M
2024 1 385 $72M

Nearby Defined Benefit (Pension) Plans in Alabama

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

IBEW Local 505 NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants Scatter plot of 6 data points. 050010001500200025003000 00.511.5 Total assets ($B) Participants IBEW Local 505 NECA Pension Plan, Total assets ($B): 0.064124805 · Participants: 389IBEW Local 505 NECA Pension PlanRegions Financial Corporation Retirement Plan, Total assets ($B): 1.23300032 · Participants: 292Regions Financial Corporation Retirement PlanBlue Cross and Blue Shield of Alabama Retirement Plan, Total assets ($B): 0.737313284 · Participants: 2014Blue Cross and Blue Shield of Alabama Retirement PlanRegions Financial Corporation Retirement Plan for Associates, Total assets ($B): 0.716301272 · Participants: 2395Regions Financial Corporation Retirement Plan for AssociatesVulcan Materials Company Pension Plan, Total assets ($B): 0.507585545 · Participants: 776Vulcan Materials Company Pension PlanAmerican Cast Iron Pipe Company Pension Plan, Total assets ($B): 0.440237888 · Participants: 832American Cast Iron Pipe Company Pension Plan
IBEW Local 505 NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants
Compare IBEW Local 505 NECA Pension Plan side-by-side with 3 peers →

IBEW Local 505 NECA Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Alabama, the nearest Defined Benefit (Pension) by assets is Management-Labor Pension Fund Local 1730 Ila in NJ ($64M); by covered participants it is Independent Health Association Inc Defined Benefit Plan and Trust in NY (389 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($64M here).

Similar participant headcount

Nearest other-state filings by covered participants (389 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 505 NECA Pension Plan assets move in 2023? ▼
IBEW Local 505 NECA Pension Plan grew at a solid clip - up 11.4% during 2023, from $58M to $64M. Reported net income was $7M.
How have IBEW Local 505 NECA Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local 505 NECA Pension Plan's sponsor-wide assets grew 24.5%, from $58M to $72M.
Where does IBEW Local 505 NECA Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 505 NECA Pension Plan ranks in the 88th 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 Defined Benefit (Pension) plans are similar in size to IBEW Local 505 NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Management-Labor Pension Fund Local 1730 Ila in NJ ($64M, 49 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 505 NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Independent Health Association Inc Defined Benefit Plan and Trust in NY (389 participants, $88M 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 510176914.

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.