Money Purchase · DOL Form 5500 · 2024
B of T IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity Plan Money Purchase Plan
Data updated 2026-08-11
- $42M
- Total assets
- 1,481
- Participants
- 82nd
- Percentile by assets
- $28,576
- Avg per participant
Official DOL plan name: IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity · Sponsored by B of T IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity Plan · Arizona · Construction
$42M in assets, 1,481 participants
B of T IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity Plan's IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity reported $42M in total assets and 1,481 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.
- 82nd percentile by assets (of 123,622 plans)
- #7,281 in Construction (9,039 peers)
Coverage in Arizona
IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity covers 1,481 participants in Arizona, 2.6x the typical Arizona plan (state average ~564 per filing). Assets: $42M.
- $42M
- total plan assets (2024 EOY)
- 1,481
- covered participants
- 82nd
- percentile by assets (of 123,622 plans)
- $28,576
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity reported net income fell from $5M in the plan year 2023 filing to $4M in the plan year 2024 filing.
- IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity end-of-year assets rose from $38M in the plan year 2023 filing to $42M 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 Nos 570 & 518 and Southern Az Chap NECA Annuity reports 1,481 participants - 2.6x that state average ($42M EOY assets).
Arizona filing particulars
| Total Assets (Beginning of Year) | $38M |
|---|---|
| Net Assets (End of Year) | $42M |
| Net Income | $4M |
| Employer EIN | 866089862 |
| Plan Effective Date | 1996-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (B of T IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity Plan)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,970 | $132M |
| 2023 | 2 | 2,018 | $149M |
| 2024 | 2 | 2,064 | $161M |
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 vs. nearby Money Purchase plans in Arizona, assets vs. participants
- IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan $137M · 5,798
- 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
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity by total assets, not by location.
Frequently Asked Questions
How did IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity assets move in 2024? ▼
How have B of T IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity Plan plan assets changed over time? ▼
Where does IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity? ▼
Next read for IBEW Local Nos 570 & 518 and Southern Az…
Filing takeaways
Ways to act on IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity's numbers.
- By total assets, IBEW Local Nos 570 & 518 and Southern Az Chap NECA Annuity ranks in the top quartile 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 Nos 570 & 518 and Southern Az Chap NECA Annuity Plan's sponsor-wide assets have grown 22.6% since 2022 across 3 plan years on file. More Construction plans