Money Purchase · DOL Form 5500 · 2024
B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan Money Purchase Plan
Data updated 2026-08-25
- $137M
- Total assets Near avg plan size
- 5,798
- Participants Above avg headcount
- 92nd
- Percentile by assets National rank
- $23,621
- Avg per participant Low balance/head
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.
- #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.
- #8,229
- in Construction (9,039 peers)
- +14.4%
- assets growth YoY
- 1.4×
- vs typical plan assets (national mean)
IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan's outsized position by total assets
IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$136,952,336 Top 8% higher than 92% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
IBEW Local No 640 & Az Chapter NECA Defined Contribution 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. IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan lands in the large band (5,798 participants).
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.
DOL schedule card
Filing strip 860323980 · B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan PY 2024 · Money Purchase
IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan · $137M · 5,798 · 92nd
- RANK $137M
- PHOTO 5,798
- IND 92nd
- EOY Money Purchase
- 5500 near IBEW Local 531 & NECA Money Purchase Pension Plan
- ASSETS ind #8229
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 Arizona →
IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan plans reported in each filing year
- Latest sponsor-wide plan assets
- $366M 33.09544432964613% vs 2022
- 2024 filing year
| 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 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)
IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan's out-of-state Money Purchase peers by assets and headcount
Outside Arizona, the nearest Money Purchase by assets is IBEW Local 531 & NECA Money Purchase Pension Plan in IN ($137M); by covered participants it is Union Roofers Supplemental Annuity Trust Fund in CA (5,782 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($137M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (5,798 participants); asset peers above are excluded.
- Union Roofers Supplemental Annuity Trust Fund (CA) 5,782 · 16 off
- Tufts University Basic Retirement Plan (MA) 5,769 · 29 off
- Billings Clinic Pension Plan (MT) 5,580 · 218 off
- Cement Masons Southern California Individual Retirement Account Defined Contribution Trust (CA) 5,554 · 244 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.