Profit Sharing · DOL Form 5500 · 2024

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

Data updated 2026-08-06

$45M
Total assets: 322
Participants: 83rd
Percentile by assets: $138,293
Avg per participant

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.

83rd percentile by assets (of 116,472 plans)

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.

$45M
total plan assets (2024 EOY): 322
covered participants: 83rd
percentile by assets (of 116,472 plans): $138,293
avg assets per participant

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 →

State

Michigan

Industry

Construction

IBEW Local No. 32 NECA Profit Sharing Annuity Plan vs the 2024 asset distribution

By assets, IBEW Local No. 32 NECA Profit Sharing Annuity Plan outranks 83% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.4x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$42M
Net Assets (End of Year)	$44M
Net Income	$3M
Employer EIN	621122985
Plan Effective Date	1980-06-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Board of Trustees IBEW Local No 32 NECA Psap plans on file

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

Henry Ford Health System Retirement Savings Plan $1.8B · 13,461
Hemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan $340M · 1,472
Iron Workers Defined Contribution Pension Fund Plan $232M · 5,319
NECA-IBEW Memphis Retirement Plan $230M · 2,755
Plumbers and Pipefitters Local Union 520 Annuity Plan $220M · 1,639

Compare IBEW Local No. 32 NECA Profit Sharing An… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to IBEW Local No. 32 NECA Profit Sharing Annuity Plan by total assets, not by location.

University School of Nashville Retirement Plan (TN) $45M · 214
Derrickmens Annuity Fund, Local 197 (NY) $44M · 184
Empire State Highway Contractors Association, Inc. Retirement Plan for the Employees of Lancaster Development, Inc. (NY) $45M · 86
Intermec Fssp Spinoff Plan (NC) $44M · 46

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 116,472 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).

Next read for IBEW Local No. 32 NECA Profit Sharing An…

Scale reading

Ways to act on IBEW Local No. 32 NECA Profit Sharing Annuity Plan's numbers.

By total assets, IBEW Local No. 32 NECA Profit Sharing Annuity Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Michigan. Compare plans
Board of Trustees IBEW Local No 32 NECA Psap's sponsor-wide assets have grown 21.4% 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 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.