Profit Sharing · DOL Form 5500 · 2024

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

Data updated 2026-07-24

$230M
Total assets: 2,755
Participants: 95th
Percentile by assets: $83,479
Avg per participant

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.

95th percentile by assets (of 116,472 plans)

Coverage in Michigan

NECA-IBEW Memphis Retirement Plan covers 2,755 participants in Michigan, 4.4x the typical Michigan plan (state average ~632 per filing). Assets: $230M.

$230M
total plan assets (2024 EOY): 2,755
covered participants: 95th
percentile by assets (of 116,472 plans): $83,479
avg assets per participant

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 →

State

Michigan

Industry

Construction

Participants vs Michigan filers

In Michigan, the average filing covers about 632 participants across 3,963 plans. NECA-IBEW Memphis Retirement Plan reports 2,755 participants - 4.4x that state average ($230M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$213M
Net Assets (End of Year)	$229M
Net Income	$18M
Employer EIN	621256120
Plan Effective Date	1982-12-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Board of Trustees of NECA-IBEW Memphis Retirement Plan plans on file

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

Henry Ford Health System Retirement Savings Plan $1.8B · 13,461
Hemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan $340M · 1,472
Iron Workers Defined Contribution Pension Fund Plan $232M · 5,319
Plumbers and Pipefitters Local Union 520 Annuity Plan $220M · 1,639
IBEW Local No 461 Defined Contribution Pension Plan $172M · 1,026

Compare NECA-IBEW Memphis Retirement Plan side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to NECA-IBEW Memphis Retirement Plan by total assets, not by location.

Heat and Frost Insulators Local 34 Pension Fund (MN) $231M · 474
Hewlett Packard Enterprise Puerto Rico Tax Saving Capital Accumulation Plan (PR) $228M · 758
Airconditioning and Refrigeration Industry Defined Contribution Retirement Plan (CA) $228M · 3,019
Cfni Retirement Plan (IN) $233M · 6,376

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 116,472 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).

Next read for NECA-IBEW Memphis Retirement Plan

Filing takeaways

Ways to act on NECA-IBEW Memphis Retirement Plan's numbers.

By total assets, NECA-IBEW Memphis Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Michigan. Compare plans
Board of Trustees of NECA-IBEW Memphis Retirement Plan's sponsor-wide assets have grown 25.3% since 2022 across 3 plan years on file. More Construction plans

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.