Money Purchase · DOL Form 5500 · 2024
B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan Money Purchase Plan
Data updated 2026-08-11
- $137M
- Total assets
- 5,798
- Participants
- 92nd
- Percentile by assets
- $23,621
- Avg per participant
Official DOL plan name: IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan · Sponsored by B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan · Arizona · Construction
$137M in assets, 5,798 participants
B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan's IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan reported $137M in total assets and 5,798 participants in its 2024 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.
- 92nd percentile by assets (of 123,622 plans)
- #8,229 in Construction (9,039 peers)
Coverage in Arizona
IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan covers 5,798 participants in Arizona, 10x the typical Arizona plan (state average ~564 per filing). Assets: $137M.
- $137M
- total plan assets (2024 EOY)
- 5,798
- covered participants
- 92nd
- percentile by assets (of 123,622 plans)
- $23,621
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan reported participants rose from 3,942 in the plan year 2023 filing to 5,798 in the plan year 2024 filing.
- IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan end-of-year assets rose from $120M in the plan year 2023 filing to $137M in the plan year 2024 filing.
- IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan reported net income fell from $19M in the plan year 2023 filing to $17M in the plan year 2024 filing.
Participants vs Arizona filers
In Arizona, the average filing covers about 564 participants across 2,304 plans. IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan reports 5,798 participants - 10x that state average ($137M EOY assets).
Arizona filing particulars
| Total Assets (Beginning of Year) | $120M |
|---|---|
| Net Assets (End of Year) | $137M |
| Net Income | $17M |
| Employer EIN | 860323980 |
| Plan Effective Date | 1981-11-03 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 5,473 | $275M |
| 2023 | 2 | 5,629 | $320M |
| 2024 | 2 | 7,794 | $366M |
Nearby Money Purchase Plans in Arizona
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan vs. nearby Money Purchase plans in Arizona, assets vs. participants
- IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity $42M · 1,481
- The Institute for Supply Management, Inc. Tiaa-Cref Retirement Plan No. 1 $17M · 51
- Operative Plasterers and Cement Masons Local 394 Defined Contribution Plan $15M · 555
- Benjamin E. Myers Money Purchase Pension Plan and Trust $13M · 1
- Lexington Medical Associates, Inc. Money Purchase Pension Plan $8M · N/A
Scale composition for IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan
IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan reports $137M in end-of-year assets across 5,798 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $23,621 per participant (17% of the national average assets-per-participant) . Net income for plan year 2024 was $17M.
This plan identity (EIN 860323980, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $101M to $137M (+36.2%) while covered participants moved from 3,763 to 5,798 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 3,763 | $101M | Open filing |
| 2023 | 3,942 | $120M | Open filing |
| 2024 · index core | 5,798 | $137M | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan (Defined Benefit (Pension), $229M, 1,996 participants)
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan by total assets, not by location.
- IBEW Local 531 & NECA Money Purchase Pension Plan (IN) $137M · 705
- Mbia Inc. Employees Pension Plan (NY) $138M · 60
- Roofers Union Local 33 No. Thrift Fund (MA) $136M · 1,200
- Bergelectric Corporation Money Purchase Pension Plan (CA) $138M · 2,204
Frequently Asked Questions
How did IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan assets move in 2024? ▼
How have B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan plan assets changed over time? ▼
Where does IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan? ▼
Next read for IBEW Local No 640 & Az Chapter NECA Defi…
Filing takeaways
Ways to act on IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan's numbers.
- By total assets, IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in Arizona. Compare plans
- B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan's sponsor-wide assets have grown 33.1% since 2022 across 3 plan years on file. More Construction plans