Money Purchase · DOL Form 5500 · 2024

NECA-IBEW Local 480 Pension Plan Board of Trustees Money Purchase Plan

Data updated 2026-08-25

$123M
Total assets Near avg plan size
516
Participants Below avg headcount
92nd
Percentile by assets National rank
$239,242
Avg per participant Above avg balance/head
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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.

  • #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.

#7,506
in Other Services (7,719 peers)
+10.4%
assets growth YoY
1.2×
vs typical plan assets (national mean)

IBEW Local 480 Pension Plan's outsized position by total assets

IBEW Local 480 Pension Plan vs every filed plan by assets

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

$123,448,733 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 480 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 480 Pension Plan sits mid-pack in the medium band (516 participants).

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.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 646153349 · NECA-IBEW Local 480 Pension Plan Board of Trustees PY 2024 · Money Purchase

IBEW Local 480 Pension Plan · $123M · 516 · 92nd

  • TYPE $123M
  • TYPE 516
  • TYPE 92nd
  • TYPE Money Purchase
  • TYPE near Michiana Area Electrical Workers' Money Purchase Plan
  • TYPE ind #7506

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 Other Services retirement plans → · Plans in Mississippi →

IBEW Local 480 Pension Plan in the asset neighbourhood

IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Division Retirement PlanIBEW AFL-CIO Local Union 743…$126MB.a.C. Local No. 3 Defined Contribution Pension PlanB.a.C. Local No. 3 Defined C…$126MMacquarie Management Holdings, Inc. Retirement PlanMacquarie Management Holding…$125MMichiana Area Electrical Workers' Money Purchase PlanMichiana Area Electrical Wor…$124MIBEW Local 480 Pension Plan$123M
End-of-year total assets ($M) among IBEW Local 480 Pension Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$112M
Net Assets (End of Year)$123M
Net Income$12M
Employer EIN646153349
Plan Effective Date1971-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (NECA-IBEW Local 480 Pension Plan Board of Trustees)

Sponsor-wide plan assets over time

All NECA-IBEW Local 480 Pension Plan Board of Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$123M 23.879400976288075% vs 2022
2024 filing year
$90M$100M$110M$120M$130M 202220232024 $99.7M $123M ▲ +23.9%
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 Scatter plot of 6 data points. -2000200400600 -50050100150 Total assets ($M) Participants IBEW Local 480 Pension Plan, Total assets ($M): 123.448733 · Participants: 516IBEW Local 480 Pension PlanSouthern Mississippi Planning and Development District Defined Contribution Pension Plan, Total assets ($M): 11.282075 · Participants: 143Southern Mississippi Planning and Development District Defined Contribution Pension PlanBolivar County Headstart Retirement Program, Total assets ($M): 10.480802 · Participants: 260Bolivar County Headstart Retirement ProgramGsc-Ila Defined Contribution Plan, Total assets ($M): 2.453793 · Participants: 232Gsc-Ila Defined Contribution PlanPanama City Employers-Ala Local Number 1482 Money Purchase Pension Plan, Total assets ($M): 0.182192 · Participants: 31Panama City Employers-Ala Local Number 1482 Money Purchase Pension PlanThe Ms Group Money Purchase Plan and Trust, Total assets ($M): 0.13381 · Participants: 3The Ms Group Money Purchase Plan and Trust
IBEW Local 480 Pension Plan vs. nearby Money Purchase plans in Mississippi, assets vs. participants
Compare IBEW Local 480 Pension Plan side-by-side with 3 peers →

IBEW Local 480 Pension Plan's out-of-state Money Purchase peers by assets and headcount

Outside Mississippi, the nearest Money Purchase by assets is Michiana Area Electrical Workers' Money Purchase Plan in MI ($124M); by covered participants it is Waianae Coast Comprehensive Health Center Pension Trust Plan in HI (515 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (516 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 480 Pension Plan assets move in 2024? ▼
IBEW Local 480 Pension Plan grew at a solid clip - up 10.4% during 2024, from $112M to $123M. Reported net income was $12M.
How have NECA-IBEW Local 480 Pension Plan Board of Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), NECA-IBEW Local 480 Pension Plan Board of Trustees's sponsor-wide assets grew 23.9%, from $100M to $123M.
Where does IBEW Local 480 Pension Plan rank by assets among Form 5500 filers? ▼
IBEW Local 480 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 480 Pension Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Michiana Area Electrical Workers' Money Purchase Plan in MI ($124M, 782 participants).
Which Money Purchase plans cover a similar participant headcount to IBEW Local 480 Pension Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Waianae Coast Comprehensive Health Center Pension Trust Plan in HI (515 participants, $32M 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 646153349.

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.