Profit Sharing · DOL Form 5500 · 2024

Board of Trustees of NECA-IBEW Memphis Retirement Plan Profit Sharing Plan

Data updated 2026-08-25

$230M
Total assets Near avg plan size
2,755
Participants Above avg headcount
95th
Percentile by assets National rank
$83,479
Avg per participant Below avg balance/head
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Official DOL plan name: NECA-IBEW Memphis Retirement Plan · Sponsored by Board of Trustees of NECA-IBEW Memphis Retirement Plan · Michigan · Construction

$230M in assets, 2,755 participants

Board of Trustees of NECA-IBEW Memphis Retirement Plan's NECA-IBEW Memphis Retirement Plan reported $230M in total assets and 2,755 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

  • #8,501 in Construction (9,039 peers)

Coverage in Michigan

NECA-IBEW Memphis Retirement Plan covers 2,755 participants in Michigan, 4.3x the typical Michigan plan (state average ~638 per filing). Assets: $230M.

#8,501
in Construction (9,039 peers)
+7.8%
assets growth YoY
2.3×
vs typical plan assets (national mean)

NECA-IBEW Memphis Retirement Plan's outsized position by total assets

NECA-IBEW Memphis Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$229,985,274 Top 5% higher than 95% of 123,620 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 2024

NECA-IBEW Memphis Retirement Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. NECA-IBEW Memphis Retirement Plan lands in the large band (2,755 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • NECA-IBEW Memphis Retirement Plan reported net income fell from $28M in the plan year 2023 filing to $18M in the plan year 2024 filing.
  • NECA-IBEW Memphis Retirement Plan reported participants rose from 2,389 in the plan year 2023 filing to 2,755 in the plan year 2024 filing.
  • NECA-IBEW Memphis Retirement Plan end-of-year assets rose from $213M in the plan year 2023 filing to $230M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 621256120 · Board of Trustees of NECA-IBEW Memphis Retirement Plan PY 2024 · Profit Sharing

NECA-IBEW Memphis Retirement Plan · $230M · 2,755 · 95th

  • PHOTO $230M
  • IND 2,755
  • EOY 95th
  • 5500 Profit Sharing
  • ASSETS near Heat and Frost Insulators Local 34 Pension Fund
  • PCT ind #8501

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 →

NECA-IBEW Memphis Retirement Plan in the asset neighbourhood

Cfni Retirement Plan$233MHeat and Frost Insulators Local 34 Pension FundHeat and Frost Insulators Lo…$231MNECA-IBEW Memphis Retirement PlanNECA-IBEW Memphis Retirement…$230MHewlett Packard Enterprise Puerto Rico Tax Saving Capital Accumulation PlanHewlett Packard Enterprise P…$228MAirconditioning and Refrigeration Industry Defined Contribution Retirement PlanAirconditioning and Refriger…$228M
End-of-year total assets ($M) among NECA-IBEW Memphis Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$213M
Net Assets (End of Year)$229M
Net Income$18M
Employer EIN621256120
Plan Effective Date1982-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of NECA-IBEW Memphis Retirement Plan)

Sponsor-wide plan assets over time

All Board of Trustees of NECA-IBEW Memphis Retirement Plan plans reported in each filing year

Latest sponsor-wide plan assets
$230M 25.2502457281254% vs 2022
2024 filing year
$160M$180M$200M$220M$240M 202220232024 $184M $230M ▲ +25.3%
Year Plans Participants Total Assets
2022 1 2,189 $184M
2023 1 2,389 $213M
2024 1 2,755 $230M

Nearby Profit Sharing Plans in Michigan

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

NECA-IBEW Memphis Retirement Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants Scatter plot of 6 data points. 050001000015000 00.511.52 Total assets ($B) Participants NECA-IBEW Memphis Retirement Plan, Total assets ($B): 0.229985274 · Participants: 2755NECA-IBEW Memphis Retirement PlanHenry Ford Health System Retirement Savings Plan, Total assets ($B): 1.838163362 · Participants: 13461Henry Ford Health System Retirement Savings PlanHemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan, Total assets ($B): 0.339745231 · Participants: 1472Hemlock Semiconductor Operations LLC Employees' Capital Accumulation PlanIron Workers Defined Contribution Pension Fund Plan, Total assets ($B): 0.231623418 · Participants: 5319Iron Workers Defined Contribution Pension Fund PlanPlumbers and Pipefitters Local Union 520 Annuity Plan, Total assets ($B): 0.219548504 · Participants: 1639Plumbers and Pipefitters Local Union 520 Annuity PlanIBEW Local No 461 Defined Contribution Pension Plan, Total assets ($B): 0.171548507 · Participants: 1026IBEW Local No 461 Defined Contribution Pension Plan
NECA-IBEW Memphis Retirement Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants
Compare NECA-IBEW Memphis Retirement Plan side-by-side with 3 peers →

NECA-IBEW Memphis Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Michigan, the nearest Profit Sharing by assets is Heat and Frost Insulators Local 34 Pension Fund in MN ($231M); by covered participants it is Asbestos Workers Locals 80 and 51 Supplemental Pension Plan in FL (2,757 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,755 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did NECA-IBEW Memphis Retirement Plan assets move in 2024? ▼
NECA-IBEW Memphis Retirement Plan grew at a solid clip - up 7.8% during 2024, from $213M to $230M. Reported net income was $18M.
How have Board of Trustees of NECA-IBEW Memphis Retirement Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of NECA-IBEW Memphis Retirement Plan's sponsor-wide assets grew 25.3%, from $184M to $230M.
Where does NECA-IBEW Memphis Retirement Plan rank by assets among Form 5500 filers? ▼
NECA-IBEW Memphis Retirement Plan ranks in the 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Profit Sharing plans are similar in size to NECA-IBEW Memphis Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Heat and Frost Insulators Local 34 Pension Fund in MN ($231M, 474 participants).
Which Profit Sharing plans cover a similar participant headcount to NECA-IBEW Memphis Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Asbestos Workers Locals 80 and 51 Supplemental Pension Plan in FL (2,757 participants, $51M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 621256120.

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.