Profit Sharing · DOL Form 5500 · 2024

Board of Trustees IBEW Local No 32 NECA Psap Profit Sharing Plan

Data updated 2026-08-25

$45M
Total assets Below avg plan size
322
Participants Below avg headcount
83rd
Percentile by assets National rank
$138,293
Avg per participant Near avg balance/head
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Official DOL plan name: IBEW Local No. 32 NECA Profit Sharing Annuity Plan · Sponsored by Board of Trustees IBEW Local No 32 NECA Psap · Michigan · Construction

$45M in assets, 322 participants

Board of Trustees IBEW Local No 32 NECA Psap's IBEW Local No. 32 NECA Profit Sharing Annuity Plan reported $45M in total assets and 322 participants in its 2024 DOL Form 5500 filing, ranking in the 83rd 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.

  • #7,330 in Construction (9,039 peers)

Where IBEW Local No. 32 NECA Profit Sharing Annuity Plan sits by assets

IBEW Local No. 32 NECA Profit Sharing Annuity Plan sits in the top quartile of all filed plans by assets, $45M for 322 participants (~$138,293/participant), up 6.1% in 2024.

#7,330
in Construction (9,039 peers)
+6.1%
assets growth YoY
0.4×
vs typical plan assets (national mean)

IBEW Local No. 32 NECA Profit Sharing Annuity Plan's outsized position by total assets

IBEW Local No. 32 NECA Profit Sharing Annuity Plan vs every filed plan by assets

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

$44,530,416 Top 17% higher than 83% 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 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 No. 32 NECA Profit Sharing Annuity Plan sits mid-pack in the medium band (322 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local No. 32 NECA Profit Sharing Annuity Plan reported net income fell from $6M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • IBEW Local No. 32 NECA Profit Sharing Annuity Plan reported participants fell from 473 in the plan year 2023 filing to 322 in the plan year 2024 filing.
  • IBEW Local No. 32 NECA Profit Sharing Annuity Plan end-of-year assets rose from $42M in the plan year 2023 filing to $45M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 621122985 · Board of Trustees IBEW Local No 32 NECA Psap PY 2024 · Profit Sharing

IBEW Local No. 32 NECA Profit Sharing Annuity Plan · $45M · 322 · 83rd

  • EBSA $45M
  • PART 322
  • TYPE 83rd
  • NET Profit Sharing
  • BOOK near University School of Nashville Retirement Plan
  • VS-ST ind #7330

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 Profit Sharing Annuity Plan in the asset neighbourhood

Empire State Highway Contractors Association, Inc. Retirement Plan for the Employees of Lancaster Development, Inc.Empire State Highway Contrac…$45MScchc Profit Sharing & 401(k) PlanScchc Profit Sharing & 401(k…$45MIBEW Local No. 32 NECA Profit Sharing Annuity PlanIBEW Local No. 32 NECA Profi…$45MUniversity School of Nashville Retirement PlanUniversity School of Nashvil…$45MDerrickmens Annuity Fund, Local 197Derrickmens Annuity Fund, Lo…$44M
End-of-year total assets ($M) among IBEW Local No. 32 NECA 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)$42M
Net Assets (End of Year)$44M
Net Income$3M
Employer EIN621122985
Plan Effective Date1980-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees IBEW Local No 32 NECA Psap)

Sponsor-wide plan assets over time

All Board of Trustees IBEW Local No 32 NECA Psap plans reported in each filing year

Latest sponsor-wide plan assets
$45M 21.431290956090276% vs 2022
2024 filing year
$35M$40M$45M$50M 202220232024 $36.7M $44.5M ▲ +21.4%
Year Plans Participants Total Assets
2022 1 473 $37M
2023 1 473 $42M
2024 1 322 $45M

Nearby Profit Sharing Plans in Michigan

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

IBEW Local No. 32 NECA 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 ($B) Participants IBEW Local No. 32 NECA Profit Sharing Annuity Plan, Total assets ($B): 0.044530416 · Participants: 322IBEW Local No. 32 NECA 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 No. 32 NECA Profit Sharing Annuity Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants
Compare IBEW Local No. 32 NECA Profit Sharing Annuity Plan side-by-side with 3 peers →

IBEW Local No. 32 NECA Profit Sharing Annuity Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Michigan, the nearest Profit Sharing by assets is University School of Nashville Retirement Plan in TN ($45M); by covered participants it is Dordt University Defined Contribution Retirement Plan in IA (322 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (322 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 Profit Sharing Annuity Plan assets move in 2024? ▼
IBEW Local No. 32 NECA Profit Sharing Annuity Plan grew at a solid clip - up 6.1% during 2024, from $42M to $45M. Reported net income was $3M.
How have Board of Trustees IBEW Local No 32 NECA Psap plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees IBEW Local No 32 NECA Psap's sponsor-wide assets grew 21.4%, from $37M to $45M.
Where does IBEW Local No. 32 NECA Profit Sharing Annuity Plan rank by assets among Form 5500 filers? ▼
IBEW Local No. 32 NECA Profit Sharing Annuity Plan ranks in the 83rd 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 No. 32 NECA Profit Sharing Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is University School of Nashville Retirement Plan in TN ($45M, 214 participants).
Which Profit Sharing plans cover a similar participant headcount to IBEW Local No. 32 NECA Profit Sharing Annuity Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Dordt University Defined Contribution Retirement Plan in IA (322 participants, $61M 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 621122985.

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.