Defined Benefit (Pension) · DOL Form 5500 · 2024
B of T IBEW Local 640 & Az Chapter NECA DB Pension Plan Pension Plan
Data updated 2026-08-25
- $229M
- Total assets Near avg plan size
- 1,996
- Participants Near avg headcount
- 95th
- Percentile by assets National rank
- $114,540
- Avg per participant Below avg balance/head
Official DOL plan name: IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan · Sponsored by B of T IBEW Local 640 & Az Chapter NECA DB Pension Plan · Arizona · Construction
$229M in assets, 1,996 participants
B of T IBEW Local 640 & Az Chapter NECA DB Pension Plan's IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan reported $229M in total assets and 1,996 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.
- #8,497 in Construction (9,039 peers)
Coverage in Arizona
IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan covers 1,996 participants in Arizona, 3.5x the typical Arizona plan (state average ~564 per filing). Assets: $229M.
- #8,497
- in Construction (9,039 peers)
- +14.1%
- assets growth YoY
- 2.3×
- vs typical plan assets (national mean)
IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan's outsized position by total assets
IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$228,621,074 Top 5% higher than 95% 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 Benefit Pension 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 Benefit Pension Plan lands in the large band (1,996 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan reported participants rose from 1,687 in the plan year 2023 filing to 1,996 in the plan year 2024 filing.
- IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan end-of-year assets rose from $200M in the plan year 2023 filing to $229M in the plan year 2024 filing.
- IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan reported net income rose from $26M in the plan year 2023 filing to $29M in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 860323980 · B of T IBEW Local 640 & Az Chapter NECA DB Pension Plan PY 2024 · Defined Benefit (Pension)
IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan · $229M · 1,996 · 95th
- PCT $229M
- PCT 1,996
- PCT 95th
- PCT Defined Benefit (Pension)
- PCT near Rockford Pipe Trades Industry Pension Fund
- PCT ind #8497
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 Benefit Pension Plan in the asset neighbourhood
Arizona filing particulars
| Total Assets (Beginning of Year) | $200M |
|---|---|
| Net Assets (End of Year) | $228M |
| Net Income | $29M |
| Employer EIN | 860323980 |
| Plan Effective Date | 1970-12-20 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (B of T IBEW Local 640 & Az Chapter NECA DB Pension Plan)
Sponsor-wide plan assets over time
All B of T IBEW Local 640 & Az Chapter NECA DB Pension 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 Defined Benefit (Pension) Plans in Arizona
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Pinnacle West Capital Corporation Retirement Plan $3.1B · 6,044
- Salt River Project Employees' Retirement Plan $2.9B · 4,989
- Desert States Employers & Ufcw Unions Pension Plan $1.0B · 24,099
- Avnet Pension Plan $472M · 2,732
- Arizona Pipe Trades Pension Plan $419M · 2,281
IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Arizona, the nearest Defined Benefit (Pension) by assets is Rockford Pipe Trades Industry Pension Fund in IL ($229M); by covered participants it is U.a. Local No. 393 Defined Benefit Pension Plan in CA (1,996 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($229M here).
Similar participant headcount
Nearest other-state filings by covered participants (1,996 participants); asset peers above are excluded.
- U.a. Local No. 393 Defined Benefit Pension Plan (CA) 1,996 · 0 off
- Aarp Employees' Pension Plan (DC) 1,995 · 1 off
- Pavers & Road Builders DC Pension Fund (NY) 1,998 · 2 off
- Ahold USA, Inc. Pension Plan (MA) 2,001 · 5 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.