Money Purchase · DOL Form 5500 · 2024
NECA-IBEW Local 480 Pension Plan Board of Trustees Money Purchase Plan
Data updated 2026-08-11
- $123M
- Total assets
- 516
- Participants
- 92nd
- Percentile by assets
- $239,242
- Avg per participant
Official DOL plan name: IBEW Local 480 Pension Plan · Sponsored by NECA-IBEW Local 480 Pension Plan Board of Trustees · Mississippi · Other Services
$123M in assets, 516 participants
NECA-IBEW Local 480 Pension Plan Board of Trustees's IBEW Local 480 Pension Plan reported $123M in total assets and 516 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)
- #7,506 in Other Services (7,719 peers)
Where IBEW Local 480 Pension Plan sits by assets
IBEW Local 480 Pension Plan sits in the top 10% of all filed plans by assets, $123M for 516 participants (~$239,242/participant), up 10.4% in 2024.
- $123M
- total plan assets (2024 EOY)
- 516
- covered participants
- 92nd
- percentile by assets (of 123,622 plans)
- $239,242
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local 480 Pension Plan end-of-year assets rose from $112M in the plan year 2023 filing to $123M in the plan year 2024 filing.
- IBEW Local 480 Pension Plan reported participants rose from 485 in the plan year 2023 filing to 516 in the plan year 2024 filing.
- IBEW Local 480 Pension Plan reported net income fell from $12M in the plan year 2023 filing to $12M in the plan year 2024 filing.
IBEW Local 480 Pension Plan vs the 2024 asset distribution
By assets, IBEW Local 480 Pension Plan outranks 92% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.2x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $112M |
|---|---|
| Net Assets (End of Year) | $123M |
| Net Income | $12M |
| Employer EIN | 646153349 |
| Plan Effective Date | 1971-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (NECA-IBEW Local 480 Pension Plan Board of Trustees)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 490 | $100M |
| 2023 | 1 | 485 | $112M |
| 2024 | 1 | 516 | $123M |
Nearby Money Purchase Plans in Mississippi
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
IBEW Local 480 Pension Plan vs. nearby Money Purchase plans in Mississippi, assets vs. participants
- Southern Mississippi Planning and Development District Defined Contribution Pension Plan $11M · 143
- Bolivar County Headstart Retirement Program $10M · 260
- Gsc-Ila Defined Contribution Plan $2M · 232
- Panama City Employers-Ala Local Number 1482 Money Purchase Pension Plan $182K · 31
- The Ms Group Money Purchase Plan and Trust $134K · 3
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to IBEW Local 480 Pension Plan by total assets, not by location.
- Michiana Area Electrical Workers' Money Purchase Plan (MI) $124M · 782
- Macquarie Management Holdings, Inc. Retirement Plan (NY) $125M · 173
- B.a.C. Local No. 3 Defined Contribution Pension Plan (CA) $126M · 733
- IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Division Retirement Plan (PA) $126M · 494
Frequently Asked Questions
How did IBEW Local 480 Pension Plan assets move in 2024? ▼
How have NECA-IBEW Local 480 Pension Plan Board of Trustees plan assets changed over time? ▼
Where does IBEW Local 480 Pension Plan rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to IBEW Local 480 Pension Plan? ▼
Next read for IBEW Local 480 Pension Plan
Scale reading
Ways to act on IBEW Local 480 Pension Plan's numbers.
- By total assets, IBEW Local 480 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 Mississippi. Compare plans
- NECA-IBEW Local 480 Pension Plan Board of Trustees's sponsor-wide assets have grown 23.9% since 2022 across 3 plan years on file. More Other Services plans