Defined Benefit (Pension) · DOL Form 5500 · 2024
IBEW Local 505 NECA Pension Plan Pension Plan
Data updated 2026-08-25
- $72M
- Total assets Below avg plan size
- 385
- Participants Below avg headcount
- 88th
- Percentile by assets National rank
- $186,194
- Avg per participant Above avg balance/head
Official DOL plan name: IBEW Local 505 NECA Pension Plan · Sponsored by IBEW Local 505 NECA Pension Plan · Alabama · Construction
$72M in assets, 385 participants
IBEW Local 505 NECA Pension Plan's IBEW Local 505 NECA Pension Plan reported $72M in total assets and 385 participants in its 2024 DOL Form 5500 filing, ranking in the 88th 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.
- #7,765 in Construction (9,039 peers)
Where IBEW Local 505 NECA Pension Plan sits by assets
IBEW Local 505 NECA Pension Plan sits in the top quartile of all filed plans by assets, $72M for 385 participants (~$186,194/participant), up 11.8% in 2024.
- #7,765
- in Construction (9,039 peers)
- +11.8%
- assets growth YoY
- 0.7×
- vs typical plan assets (national mean)
IBEW Local 505 NECA Pension Plan's outsized position by total assets
IBEW Local 505 NECA Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$71,684,675 Top 12% higher than 88% 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 505 NECA 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 505 NECA Pension Plan sits mid-pack in the medium band (385 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local 505 NECA Pension Plan reported net income rose from $7M in the plan year 2023 filing to $8M in the plan year 2024 filing.
- IBEW Local 505 NECA Pension Plan end-of-year assets rose from $64M in the plan year 2023 filing to $72M in the plan year 2024 filing.
- IBEW Local 505 NECA Pension Plan reported participants fell from 389 in the plan year 2023 filing to 385 in the plan year 2024 filing.
DOL schedule card
Filing strip 510176914 · IBEW Local 505 NECA Pension Plan PY 2024 · Defined Benefit (Pension)
IBEW Local 505 NECA Pension Plan · $72M · 385 · 88th
- IND $72M
- EOY 385
- 5500 88th
- ASSETS Defined Benefit (Pension)
- PCT near The Defined Benefit Plan of the Institution for Savings in Newburyport
- EIN ind #7765
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 Alabama →
IBEW Local 505 NECA Pension Plan in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $64M |
|---|---|
| Net Assets (End of Year) | $72M |
| Net Income | $8M |
| Employer EIN | 510176914 |
| Plan Effective Date | 1973-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (IBEW Local 505 NECA Pension Plan)
Sponsor-wide plan assets over time
All IBEW Local 505 NECA Pension Plan plans reported in each filing year
- Latest sponsor-wide plan assets
- $72M 24.49265777408029% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 364 | $58M |
| 2023 | 1 | 389 | $64M |
| 2024 | 1 | 385 | $72M |
Nearby Defined Benefit (Pension) Plans in Alabama
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Regions Financial Corporation Retirement Plan $1.2B · 282
- Blue Cross and Blue Shield of Alabama Retirement Plan $712M · 1,955
- Regions Financial Corporation Retirement Plan for Associates $708M · 2,240
- Retail, Wholesale & Department Store International Union and Industry Pension Fund $619M · 1,556
- Vulcan Materials Company Pension Plan $471M · 740
IBEW Local 505 NECA Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Alabama, the nearest Defined Benefit (Pension) by assets is The Defined Benefit Plan of the Institution for Savings in Newburyport in MA ($72M); by covered participants it is Carhartt, Inc. Pension Plan in MI (385 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($72M here).
- The Defined Benefit Plan of the Institution for Savings in Newburyport (MA) $72M · 162
- Retirement Plan for Employees of Meadville Medical Center (PA) $72M · 223
- Sappi North America, Inc. Retirement Plan for Hourly Employees (MA) $72M · 589
- Pension Plan for Salaried Employees of Alcon (TX) $72M · 325
Similar participant headcount
Nearest other-state filings by covered participants (385 participants); asset peers above are excluded.
- Carhartt, Inc. Pension Plan (MI) 385 · 0 off
- The Lozier Corporation Pension Plan and Trust (NE) 384 · 1 off
- Baker Tilly Advisory Group Parent, LP Market Based Cash Balance Plan (IL) 384 · 1 off
- Teamsters Employers Local 945 Pension Fund (NJ) 386 · 1 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.