Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of IBEW Local 531 & NECA Pension Plan Pension Plan

Data updated 2026-08-25

$120M
Total assets Near avg plan size
424
Participants Below avg headcount
92nd
Percentile by assets National rank
$284,053
Avg per participant High balance/head
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Official DOL plan name: IBEW Local 531 & NECA Pension Plan · Sponsored by Trustees of IBEW Local 531 & NECA Pension Plan · Indiana · Construction

$120M in assets, 424 participants

Trustees of IBEW Local 531 & NECA Pension Plan's IBEW Local 531 & NECA Pension Plan reported $120M in total assets and 424 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.

  • #8,201 in Construction (9,030 peers)

Where IBEW Local 531 & NECA Pension Plan sits by assets

IBEW Local 531 & NECA Pension Plan sits in the top 10% of all filed plans by assets, $120M for 424 participants (~$284,053/participant), up 16.4% in 2023.

#8,201
in Construction (9,030 peers)
+16.4%
assets growth YoY
1.2×
vs typical plan assets (national mean)

IBEW Local 531 & NECA Pension Plan's outsized position by total assets

IBEW Local 531 & NECA Pension Plan vs every filed plan by assets

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

$120,438,444 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 531 & 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 531 & NECA Pension Plan sits mid-pack in the medium band (424 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • IBEW Local 531 & NECA Pension Plan reported net income rose from $4M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • IBEW Local 531 & NECA Pension Plan end-of-year assets rose from $103M in the plan year 2022 filing to $120M in the plan year 2023 filing.
  • IBEW Local 531 & NECA Pension Plan reported participants rose from 374 in the plan year 2022 filing to 424 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 356068417 · Trustees of IBEW Local 531 & NECA Pension Plan PY 2023 · Defined Benefit (Pension)

IBEW Local 531 & NECA Pension Plan · $120M · 424 · 92nd

  • EBSA $120M
  • EBSA 424
  • EBSA 92nd
  • EBSA Defined Benefit (Pension)
  • EBSA near Tower International Pension Plan
  • EBSA ind #8201

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 Indiana →

IBEW Local 531 & NECA Pension Plan in the asset neighbourhood

Teamsters Local Union No. 115 Pension PlanTeamsters Local Union No. 11…$121MTower International Pension PlanTower International Pension …$120MIBEW Local 531 & NECA Pension PlanIBEW Local 531 & NECA Pensio…$120MWashington Permanente Medical Group Cash Balance Pension PlanWashington Permanente Medica…$120MCommunity Memorial Hospital Retirement PlanCommunity Memorial Hospital …$120M
End-of-year total assets ($M) among IBEW Local 531 & 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)$103M
Net Assets (End of Year)$120M
Net Income$17M
Employer EIN356068417
Plan Effective Date1965-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of IBEW Local 531 & NECA Pension Plan)

Sponsor-wide plan assets over time

All Trustees of IBEW Local 531 & NECA Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$137M 33.126788380265396% vs 2022
2024 filing year
$100M$150M$200M$250M$300M 202220232024 $205M $137M ▼ -33.1%
Year Plans Participants Total Assets
2022 2 889 $205M
2023 2 964 $241M
2024 1 705 $137M

Nearby Defined Benefit (Pension) Plans in Indiana

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

IBEW Local 531 & NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -5051015 Total assets ($B) Participants IBEW Local 531 & NECA Pension Plan, Total assets ($B): 0.120438444 · Participants: 424IBEW Local 531 & NECA Pension PlanThe Lilly Retirement Plan, Total assets ($B): 11.68755379 · Participants: 19111The Lilly Retirement PlanCummins Pension Plan, Total assets ($B): 3.321162584 · Participants: 26560Cummins Pension PlanIndiana Laborers Pension Fund, Total assets ($B): 1.654720253 · Participants: 10800Indiana Laborers Pension FundElevance Health Cash Balance Plan a, Total assets ($B): 1.277905032 · Participants: 8197Elevance Health Cash Balance Plan aNisource Pension Plan, Total assets ($B): 1.063713087 · Participants: 2174Nisource Pension Plan
IBEW Local 531 & NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants
Compare IBEW Local 531 & NECA Pension Plan side-by-side with 3 peers →

IBEW Local 531 & NECA Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Indiana, the nearest Defined Benefit (Pension) by assets is Tower International Pension Plan in MI ($120M); by covered participants it is Chicago Title & Trust Company Pension Plan in FL (423 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (424 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 531 & NECA Pension Plan assets move in 2023? ▼
IBEW Local 531 & NECA Pension Plan grew sharply - up 16.4% during 2023, from $103M to $120M. Reported net income was $17M.
How have Trustees of IBEW Local 531 & NECA Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of IBEW Local 531 & NECA Pension Plan's sponsor-wide assets declined 33.1%, from $205M to $137M.
Where does IBEW Local 531 & NECA Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 531 & NECA 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 531 & NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Tower International Pension Plan in MI ($120M, 345 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 531 & NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Chicago Title & Trust Company Pension Plan in FL (423 participants, $59M 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 356068417.

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.