Money Purchase · DOL Form 5500 · 2024
Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan Money Purchase Plan
Data updated 2026-08-25
- $137M
- Total assets Near avg plan size
- 705
- Participants Below avg headcount
- 92nd
- Percentile by assets National rank
- $194,422
- Avg per participant Above avg balance/head
Official DOL plan name: IBEW Local 531 & NECA Money Purchase Pension Plan · Sponsored by Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan · Indiana · Construction
$137M in assets, 705 participants
Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan's IBEW Local 531 & NECA Money Purchase Pension Plan reported $137M in total assets and 705 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.
- #8,230 in Construction (9,039 peers)
Where IBEW Local 531 & NECA Money Purchase Pension Plan sits by assets
IBEW Local 531 & NECA Money Purchase Pension Plan sits in the top 10% of all filed plans by assets, $137M for 705 participants (~$194,422/participant), up 13.4% in 2024.
- #8,230
- in Construction (9,039 peers)
- +13.4%
- assets growth YoY
- 1.4×
- vs typical plan assets (national mean)
IBEW Local 531 & NECA Money Purchase Pension Plan's outsized position by total assets
IBEW Local 531 & NECA Money Purchase Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$137,067,478 Top 8% higher than 92% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
IBEW Local 531 & NECA Money Purchase 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 531 & NECA Money Purchase Pension Plan sits mid-pack in the medium band (705 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local 531 & NECA Money Purchase Pension Plan reported participants rose from 540 in the plan year 2023 filing to 705 in the plan year 2024 filing.
- IBEW Local 531 & NECA Money Purchase Pension Plan reported net income fell from $19M in the plan year 2023 filing to $16M in the plan year 2024 filing.
- IBEW Local 531 & NECA Money Purchase Pension Plan end-of-year assets rose from $121M in the plan year 2023 filing to $137M in the plan year 2024 filing.
DOL schedule card
Filing strip 356068417 · Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan PY 2024 · Money Purchase
IBEW Local 531 & NECA Money Purchase Pension Plan · $137M · 705 · 92nd
- 5500 $137M
- 5500 705
- 5500 92nd
- 5500 Money Purchase
- 5500 near IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan
- 5500 ind #8230
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 Indiana →
IBEW Local 531 & NECA Money Purchase Pension Plan in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $121M |
|---|---|
| Net Assets (End of Year) | $137M |
| Net Income | $16M |
| Employer EIN | 356068417 |
| Plan Effective Date | 1986-08-03 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan)
Sponsor-wide plan assets over time
All Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan plans reported in each filing year
- Latest sponsor-wide plan assets
- $137M 33.126788380265396% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 889 | $205M |
| 2023 | 2 | 964 | $241M |
| 2024 | 1 | 705 | $137M |
Nearby Money Purchase Plans in Indiana
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
- I.B.E.W Local 697 Defined Contribution Plan $433M · 986
- Rose-Hulman Institute of Technology Money Purchase Purchase Plan $220M · 576
- Plumbers and Steamfitters Local 440 Defined Contribution Plan $198M · 2,945
- International Brotherhood of Electrical Workers Local No 725 Supplemental Pension Trust $128M · 1,457
- Ncaa Retirement Plan $102M · 578
IBEW Local 531 & NECA Money Purchase Pension Plan's out-of-state Money Purchase peers by assets and headcount
Outside Indiana, the nearest Money Purchase by assets is IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan in AZ ($137M); by covered participants it is Local Union 400 IBEW Joint Annuity Plan in NJ (705 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($137M here).
- IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan (AZ) $137M · 5,798
- Mbia Inc. Employees Pension Plan (NY) $138M · 60
- Bergelectric Corporation Money Purchase Pension Plan (CA) $138M · 2,204
- Roofers Union Local 33 No. Thrift Fund (MA) $136M · 1,200
Similar participant headcount
Nearest other-state filings by covered participants (705 participants); asset peers above are excluded.
- Local Union 400 IBEW Joint Annuity Plan (NJ) 705 · 0 off
- Iron Workers Local No. 67 Defined Contribution Fund (IA) 689 · 16 off
- Plumbers and Pipefitters Local Union No. 396 Security Plan (OH) 688 · 17 off
- Local Union 598 Supplemental Pension Plan (OR) 688 · 17 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.