Defined Benefit (Pension) · DOL Form 5500 · 2024

B of T IBEW Local 640 & Az Chapter NECA DB Pension Plan Pension Plan

Data updated 2026-08-06

$229M
Total assets: 1,996
Participants: 95th
Percentile by assets: $114,540
Avg per participant

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.

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

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 ~577 per filing). Assets: $229M.

$229M
total plan assets (2024 EOY): 1,996
covered participants: 95th
percentile by assets (of 116,472 plans): $114,540
avg assets per participant

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.

See the national 2023→2024 release diff →

State

Arizona

Industry

Construction

Participants vs Arizona filers

In Arizona, the average filing covers about 577 participants across 2,182 plans. IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan reports 1,996 participants - 3.5x that state average ($229M EOY assets).

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)

Total plan assets by year, all B of T IBEW Local 640 & Az Chapter NECA DB Pension Plan plans on file

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.

IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Arizona, assets vs. participants

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
Liberty Utilities Defined Benefit Pension Plan $405M · 578

Compare IBEW Local No 640 & Az Chapter NECA Defi… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan by total assets, not by location.

Rockford Pipe Trades Industry Pension Fund (IL) $229M · 458
Odyssey Reinsurance Company Restated Employees Retirement Plan (CT) $228M · 201
Teamsters' Construction Industry & Misc Pension Fund (PA) $229M · 639
Cooperative Pension Plan (IN) $229M · 2,673

Frequently Asked Questions

How did IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan assets move in 2024? ▼

IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan grew at a solid clip - up 14.1% during 2024, from $200M to $229M. Reported net income was $29M.

How have B of T IBEW Local 640 & Az Chapter NECA DB Pension Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), B of T IBEW Local 640 & Az Chapter NECA DB Pension Plan's sponsor-wide assets grew 33.1%, from $275M to $366M.

Where does IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan rank by assets among Form 5500 filers? ▼

IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension 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 Defined Benefit (Pension) plans are similar in size to IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Rockford Pipe Trades Industry Pension Fund in IL ($229M, 458 participants).

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 Benefit Pension Plan's numbers.

By total assets, IBEW Local No 640 & Az Chapter NECA Defined Benefit Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Arizona. Compare plans
B of T IBEW Local 640 & Az Chapter NECA DB Pension Plan's sponsor-wide assets have grown 33.1% 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 860323980.

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.