Defined Benefit (Pension) · DOL Form 5500 · 2024

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

Data updated 2026-08-11

$41M
Total assets: 211
Participants: 82nd
Percentile by assets: $194,131
Avg per participant

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.

82nd percentile by assets (of 123,622 plans)
#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.

$41M
total plan assets (2024 EOY): 211
covered participants: 82nd
percentile by assets (of 123,622 plans): $194,131
avg assets per participant

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 →

State

Michigan

Industry

Construction

Participants vs Michigan filers

In Michigan, the average filing covers about 638 participants across 4,220 plans. IBEW Local No. 32 - NECA Pension Plan reports 211 participants - about 33% of that state average ($41M EOY assets).

Michigan filing particulars

Total Assets (Beginning of Year)	$36M
Net Assets (End of Year)	$41M
Net Income	$5M
Employer EIN	316152294
Plan Effective Date	1972-04-25
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan plans on file

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

General Motors Hourly-Rate Employees Pension Plan $42.5B · 15,648
Ford Motor Company UAW Retirement Plan $17.8B · 25,742
Ford Motor Company General Retirement Plan $12.1B · 8,585
Dow Employees' Pension Plan $10.9B · 6,888
Fca US LLC UAW Pension Agreement $10.3B · 12,752

Compare IBEW Local No. 32 - NECA Pension Plan 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. 32 - NECA Pension Plan by total assets, not by location.

Pottstown Memorial Medical Center Retirement Income Plan (PA) $41M · 89
The Jackson Lewis P.C. Cash Balance Plan II (NY) $41M · 313
Hgea Staff Retirement Plan (HI) $41M · 66
Sbera Pension Plan as Adopted by the Bank of Canton (MA) $41M · 101

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).

Next read for IBEW Local No. 32 - NECA Pension Plan

Filing takeaways

Ways to act on IBEW Local No. 32 - NECA Pension Plan's numbers.

By total assets, IBEW Local No. 32 - NECA Pension Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Michigan. Compare plans
Board of Trustees of the IBEW Local No. 32 - NECA Pension Plan's sponsor-wide assets have grown 24.2% 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 316152294.