Money Purchase · DOL Form 5500 · 2024

Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan Money Purchase Plan

Data updated 2026-08-11

$137M
Total assets: 705
Participants: 92nd
Percentile by assets: $194,422
Avg per participant

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.

92nd percentile by assets (of 123,622 plans)
#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.

$137M
total plan assets (2024 EOY): 705
covered participants: 92nd
percentile by assets (of 123,622 plans): $194,422
avg assets per participant

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.

See the national 2023→2024 release diff →

State

Indiana

Industry

Construction

IBEW Local 531 & NECA Money Purchase Pension Plan vs the 2024 asset distribution

By assets, IBEW Local 531 & NECA Money Purchase Pension Plan outranks 92% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.4x the national average plan size of $100M (721 average participants).

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)

Total plan assets by year, all Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan plans on file

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.

IBEW Local 531 & NECA Money Purchase Pension Plan vs. nearby Money Purchase plans in Indiana, assets vs. participants

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

Compare IBEW Local 531 & NECA Money Purchase Pen… side-by-side with 3 peers →

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to IBEW Local 531 & NECA Money Purchase Pension Plan by total assets, not by location.

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

Frequently Asked Questions

How did IBEW Local 531 & NECA Money Purchase Pension Plan assets move in 2024? ▼

IBEW Local 531 & NECA Money Purchase Pension Plan grew at a solid clip - up 13.4% during 2024, from $121M to $137M. Reported net income was $16M.

How have Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan's sponsor-wide assets declined 33.1%, from $205M to $137M.

Where does IBEW Local 531 & NECA Money Purchase Pension Plan rank by assets among Form 5500 filers? ▼

IBEW Local 531 & NECA Money Purchase 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 Money Purchase plans are similar in size to IBEW Local 531 & NECA Money Purchase Pension Plan? ▼

Among Money Purchase plans in other states, the closest by assets is IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan in AZ ($137M, 5,798 participants).

Next read for IBEW Local 531 & NECA Money Purchase Pen…

Scale reading

Ways to act on IBEW Local 531 & NECA Money Purchase Pension Plan's numbers.

By total assets, IBEW Local 531 & NECA Money Purchase Pension Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Money Purchase plans in Indiana. Compare plans
Trustees of IBEW Local 531 & NECA Money Purchase Pension Plan's sponsor-wide assets have declined 33.1% 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 356068417.