Profit Sharing · DOL Form 5500 · 2024

IBEW Local Union 129 Profit Sharing Plan

Data updated 2026-08-25

$52M
Total assets Below avg plan size
387
Participants Below avg headcount
85th
Percentile by assets National rank
$135,643
Avg per participant Near avg balance/head
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Official DOL plan name: IBEW Local 129 Profit Sharing Annuity Plan · Sponsored by IBEW Local Union 129 · Michigan · Finance & Insurance

$52M in assets, 387 participants

IBEW Local Union 129's IBEW Local 129 Profit Sharing Annuity Plan reported $52M in total assets and 387 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • #6,527 in Finance & Insurance (8,549 peers)

Where IBEW Local 129 Profit Sharing Annuity Plan sits by assets

IBEW Local 129 Profit Sharing Annuity Plan sits in the top quartile of all filed plans by assets, $52M for 387 participants (~$135,643/participant), up 8.4% in 2024.

#6,527
in Finance & Insurance (8,549 peers)
+8.4%
assets growth YoY
0.5×
vs typical plan assets (national mean)

IBEW Local 129 Profit Sharing Annuity Plan's outsized position by total assets

IBEW Local 129 Profit Sharing Annuity Plan vs every filed plan by assets

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

$52,494,020 Top 15% higher than 85% 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 129 Profit Sharing Annuity 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 129 Profit Sharing Annuity Plan sits mid-pack in the medium band (387 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local 129 Profit Sharing Annuity Plan reported net income fell from $6M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • IBEW Local 129 Profit Sharing Annuity Plan end-of-year assets rose from $48M in the plan year 2023 filing to $52M in the plan year 2024 filing.
  • IBEW Local 129 Profit Sharing Annuity Plan reported participants rose from 370 in the plan year 2023 filing to 387 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 341414182 · IBEW Local Union 129 PY 2024 · Profit Sharing

IBEW Local 129 Profit Sharing Annuity Plan · $52M · 387 · 85th

  • SCH $52M
  • EBSA 387
  • PART 85th
  • TYPE Profit Sharing
  • NET near Liberty Pr Mobility 401(k) Savings Plan
  • BOOK ind #6527

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 Finance & Insurance retirement plans → · Plans in Michigan →

IBEW Local 129 Profit Sharing Annuity Plan in the asset neighbourhood

Golden Valley Health Centers Retirement PlanGolden Valley Health Centers…$53MLiberty Pr Mobility 401(k) Savings PlanLiberty Pr Mobility 401(k) S…$53MIBEW Local 129 Profit Sharing Annuity PlanIBEW Local 129 Profit Sharin…$52MFluor Puerto Rico Salaried Employees Retirement PlanFluor Puerto Rico Salaried E…$52MPaul, Weiss, Rifkind, Wharton & Garrison LLP Defined Contribution Retirement PlanPaul, Weiss, Rifkind, Wharto…$52M
End-of-year total assets ($M) among IBEW Local 129 Profit Sharing Annuity Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$52M
Net Income$4M
Employer EIN341414182
Plan Effective Date1983-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local Union 129)

Sponsor-wide plan assets over time

All IBEW Local Union 129 plans reported in each filing year

Latest sponsor-wide plan assets
$52M 24.18826037896828% vs 2022
2024 filing year
$40M$45M$50M$55M 202220232024 $42.3M $52.5M ▲ +24.2%
Year Plans Participants Total Assets
2022 1 352 $42M
2023 1 370 $48M
2024 1 387 $52M

Nearby Profit Sharing Plans in Michigan

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

IBEW Local 129 Profit Sharing Annuity Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -0.500.511.52 Total assets ($B) Participants IBEW Local 129 Profit Sharing Annuity Plan, Total assets ($B): 0.05249402 · Participants: 387IBEW Local 129 Profit Sharing Annuity PlanHenry Ford Health System Retirement Savings Plan, Total assets ($B): 1.838163362 · Participants: 13461Henry Ford Health System Retirement Savings PlanHemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan, Total assets ($B): 0.339745231 · Participants: 1472Hemlock Semiconductor Operations LLC Employees' Capital Accumulation PlanIron Workers Defined Contribution Pension Fund Plan, Total assets ($B): 0.231623418 · Participants: 5319Iron Workers Defined Contribution Pension Fund PlanNECA-IBEW Memphis Retirement Plan, Total assets ($B): 0.229985274 · Participants: 2755NECA-IBEW Memphis Retirement PlanPlumbers and Pipefitters Local Union 520 Annuity Plan, Total assets ($B): 0.219548504 · Participants: 1639Plumbers and Pipefitters Local Union 520 Annuity Plan
IBEW Local 129 Profit Sharing Annuity Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants
Compare IBEW Local 129 Profit Sharing Annuity Plan side-by-side with 3 peers →

IBEW Local 129 Profit Sharing Annuity Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Michigan, the nearest Profit Sharing by assets is Liberty Pr Mobility 401(k) Savings Plan in CO ($53M); by covered participants it is Fpi Retirement Plan in NY (387 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (387 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 129 Profit Sharing Annuity Plan assets move in 2024? ▼
IBEW Local 129 Profit Sharing Annuity Plan grew at a solid clip - up 8.4% during 2024, from $48M to $52M. Reported net income was $4M.
How have IBEW Local Union 129 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local Union 129's sponsor-wide assets grew 24.2%, from $42M to $52M.
Where does IBEW Local 129 Profit Sharing Annuity Plan rank by assets among Form 5500 filers? ▼
IBEW Local 129 Profit Sharing Annuity Plan ranks in the 85th 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 Profit Sharing plans are similar in size to IBEW Local 129 Profit Sharing Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Liberty Pr Mobility 401(k) Savings Plan in CO ($53M, 1,145 participants).
Which Profit Sharing plans cover a similar participant headcount to IBEW Local 129 Profit Sharing Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Fpi Retirement Plan in NY (387 participants, $12M 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 341414182.

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.