Defined Benefit (Pension) · DOL Form 5500 · 2024

IBEW Union Local 129 Pension Plan

Data updated 2026-08-25

$123M
Total assets Near avg plan size
287
Participants Below avg headcount
92nd
Percentile by assets National rank
$427,445
Avg per participant High balance/head
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Official DOL plan name: IBEW Local 129 Pension Fund Pension Plan · Sponsored by IBEW Union Local 129 · Michigan · Construction

$123M in assets, 287 participants

IBEW Union Local 129's IBEW Local 129 Pension Fund Pension Plan reported $123M in total assets and 287 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.

  • #8,160 in Construction (9,039 peers)

Coverage in Michigan

IBEW Local 129 Pension Fund Pension Plan covers 287 participants in Michigan, about 45% of the average Michigan filer (state average ~638 per filing). Assets: $123M.

#8,160
in Construction (9,039 peers)
+5.0%
assets growth YoY
1.2×
vs typical plan assets (national mean)

IBEW Local 129 Pension Fund Pension Plan's outsized position by total assets

IBEW Local 129 Pension Fund Pension Plan vs every filed plan by assets

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

$122,676,649 Top 8% higher than 92% 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 Pension Fund 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 129 Pension Fund Pension Plan sits mid-pack in the medium band (287 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local 129 Pension Fund Pension Plan reported net income fell from $7M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • IBEW Local 129 Pension Fund Pension Plan reported participants rose from 271 in the plan year 2023 filing to 287 in the plan year 2024 filing.
  • IBEW Local 129 Pension Fund Pension Plan end-of-year assets rose from $117M in the plan year 2023 filing to $123M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 346701406 · IBEW Union Local 129 PY 2024 · Defined Benefit (Pension)

IBEW Local 129 Pension Fund Pension Plan · $123M · 287 · 92nd

  • RANK $123M
  • RANK 287
  • RANK 92nd
  • RANK Defined Benefit (Pension)
  • RANK near The Retirement Plan for Employees of the United States Offices of Lloyds Bank PLC
  • RANK ind #8160

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 129 Pension Fund Pension Plan in the asset neighbourhood

Local 522 Pension Fund$123MOwensboro Health Retirement PlanOwensboro Health Retirement …$123MThe Retirement Plan for Employees of the United States Offices of Lloyds Bank PLCThe Retirement Plan for Empl…$123MIBEW Local 129 Pension Fund Pension PlanIBEW Local 129 Pension Fund …$123MBig Heart Pet Brands Retirement PlanBig Heart Pet Brands Retirem…$122M
End-of-year total assets ($M) among IBEW Local 129 Pension Fund Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$117M
Net Assets (End of Year)$122M
Net Income$6M
Employer EIN346701406
Plan Effective Date1973-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Union Local 129)

Sponsor-wide plan assets over time

All IBEW Union Local 129 plans reported in each filing year

Latest sponsor-wide plan assets
$123M 12.237760580692388% vs 2022
2024 filing year
$105M$110M$115M$120M$125M 202220232024 $109M $123M ▲ +12.2%
Year Plans Participants Total Assets
2022 1 261 $109M
2023 1 271 $117M
2024 1 287 $123M

Nearby Defined Benefit (Pension) Plans in Michigan

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

IBEW Local 129 Pension Fund Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants IBEW Local 129 Pension Fund Pension Plan, Total assets ($B): 0.122676649 · Participants: 287IBEW Local 129 Pension Fund 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 129 Pension Fund Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare IBEW Local 129 Pension Fund Pension Plan side-by-side with 3 peers →

IBEW Local 129 Pension Fund Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is The Retirement Plan for Employees of the United States Offices of Lloyds Bank PLC in NY ($123M); by covered participants it is J.G. Boswell Company Employees' Retirement Plan in CA (287 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($123M here).

Similar participant headcount

Nearest other-state filings by covered participants (287 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 Pension Fund Pension Plan assets move in 2024? ▼
IBEW Local 129 Pension Fund Pension Plan edged up modestly - up 5.0% during 2024, from $117M to $123M. Reported net income was $6M.
How have IBEW Union Local 129 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Union Local 129's sponsor-wide assets grew 12.2%, from $109M to $123M.
Where does IBEW Local 129 Pension Fund Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 129 Pension Fund Pension Plan ranks in the 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to IBEW Local 129 Pension Fund Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Retirement Plan for Employees of the United States Offices of Lloyds Bank PLC in NY ($123M, 50 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to IBEW Local 129 Pension Fund Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is J.G. Boswell Company Employees' Retirement Plan in CA (287 participants, $63M 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 346701406.

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.