Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan Pension Plan

Data updated 2026-08-25

$41M
Total assets Below avg plan size
211
Participants Below avg headcount
82nd
Percentile by assets National rank
$194,131
Avg per participant Above avg balance/head
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Official DOL plan name: IBEW Local No. 32 - NECA Pension Plan · Sponsored by Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan · Michigan · Construction

$41M in assets, 211 participants

Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan's IBEW Local No. 32 - NECA Pension Plan reported $41M in total assets and 211 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.

  • #7,249 in Construction (9,039 peers)

Coverage in Michigan

IBEW Local No. 32 - NECA Pension Plan covers 211 participants in Michigan, about 33% of the average Michigan filer (state average ~638 per filing). Assets: $41M.

#7,249
in Construction (9,039 peers)
+13.6%
assets growth YoY
0.4×
vs typical plan assets (national mean)

IBEW Local No. 32 - NECA Pension Plan's outsized position by total assets

IBEW Local No. 32 - NECA Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$40,961,728 Top 18% higher than 82% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

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. 32 - NECA Pension Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local No. 32 - NECA Pension Plan sits mid-pack in the medium band (211 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local No. 32 - NECA Pension Plan reported net income rose from $3M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • IBEW Local No. 32 - NECA Pension Plan end-of-year assets rose from $36M in the plan year 2023 filing to $41M in the plan year 2024 filing.
  • IBEW Local No. 32 - NECA Pension Plan reported participants rose from 205 in the plan year 2023 filing to 211 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 316152294 · Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan PY 2024 · Defined Benefit (Pension)

IBEW Local No. 32 - NECA Pension Plan · $41M · 211 · 82nd

  • 5500 $41M
  • 5500 211
  • 5500 82nd
  • 5500 Defined Benefit (Pension)
  • 5500 near Pottstown Memorial Medical Center Retirement Income Plan
  • 5500 ind #7249

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 Michigan →

IBEW Local No. 32 - NECA Pension Plan in the asset neighbourhood

Sbera Pension Plan as Adopted by the Bank of CantonSbera Pension Plan as Adopte…$41MHgea Staff Retirement Plan$41MPottstown Memorial Medical Center Retirement Income PlanPottstown Memorial Medical C…$41MIBEW Local No. 32 - NECA Pension PlanIBEW Local No. 32 - NECA Pen…$41MThe Jackson Lewis P.C. Cash Balance Plan IIThe Jackson Lewis P.C. Cash …$41M
End-of-year total assets ($M) among IBEW Local No. 32 - NECA Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$41M
Net Income$5M
Employer EIN316152294
Plan Effective Date1972-04-25
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$41M 24.190986400781426% vs 2022
2024 filing year
$30M$35M$40M$45M 202220232024 $33M $41M ▲ +24.2%
Year Plans Participants Total Assets
2022 1 187 $33M
2023 1 205 $36M
2024 1 211 $41M

Nearby Defined Benefit (Pension) Plans in Michigan

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

IBEW Local No. 32 - NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants IBEW Local No. 32 - NECA Pension Plan, Total assets ($B): 0.040961728 · Participants: 211IBEW Local No. 32 - NECA Pension PlanGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 42.453822995 · Participants: 15648General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 17.842898898 · Participants: 25742Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 12.116125366 · Participants: 8585Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 10.930410978 · Participants: 6888Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 10.255300049 · Participants: 12752Fca US LLC UAW Pension Agreement
IBEW Local No. 32 - NECA Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare IBEW Local No. 32 - NECA Pension Plan side-by-side with 3 peers →

IBEW Local No. 32 - NECA Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Pottstown Memorial Medical Center Retirement Income Plan in PA ($41M); by covered participants it is The Arxada Consolidated Pension Plan in NJ (211 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (211 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did IBEW Local No. 32 - NECA Pension Plan assets move in 2024? ▼
IBEW Local No. 32 - NECA Pension Plan grew at a solid clip - up 13.6% during 2024, from $36M to $41M. Reported net income was $5M.
How have Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan's sponsor-wide assets grew 24.2%, from $33M to $41M.
Where does IBEW Local No. 32 - NECA Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 32 - NECA Pension Plan ranks in the 82nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to IBEW Local No. 32 - NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pottstown Memorial Medical Center Retirement Income Plan in PA ($41M, 89 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local No. 32 - NECA Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Arxada Consolidated Pension Plan in NJ (211 participants, $376M in assets).

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 316152294.

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.