Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees, IBEW Local 40 - NECA Variable Pension Plan

Data updated 2026-08-11

$3M
Total assets: 187
Participants: 34th
Percentile by assets: $16,585
Avg per participant

Official DOL plan name: IBEW Local 40 - NECA Variable Annuity Pension Plan · Sponsored by Board of Trustees, IBEW Local 40 - NECA Variable · California · Construction

$3M in assets, 187 participants

Board of Trustees, IBEW Local 40 - NECA Variable's IBEW Local 40 - NECA Variable Annuity Pension Plan reported $3M in total assets and 187 participants in its 2024 DOL Form 5500 filing, ranking in the 34th 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.

34th percentile by assets (of 123,622 plans)
#3,000 in Construction (9,039 peers)

Coverage in California

IBEW Local 40 - NECA Variable Annuity Pension Plan covers 187 participants in California, about 30% of the average California filer (state average ~630 per filing). Assets: $3M.

$3M
total plan assets (2024 EOY): 187
covered participants: 34th
percentile by assets (of 123,622 plans): $16,585
avg assets per participant

IBEW Local 40 - NECA Variable Annuity Pension Plan end-of-year assets rose from $1M in the plan year 2023 filing to $3M in the plan year 2024 filing.
IBEW Local 40 - NECA Variable Annuity Pension Plan reported net income rose from $1M in the plan year 2023 filing to $2M in the plan year 2024 filing.
IBEW Local 40 - NECA Variable Annuity Pension Plan reported participants rose from N/A in the plan year 2023 filing to 187 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

California

Industry

Construction

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. IBEW Local 40 - NECA Variable Annuity Pension Plan reports 187 participants - about 30% of that state average ($3M EOY assets).

California filing particulars

Total Assets (Beginning of Year)	$1M
Net Assets (End of Year)	$3M
Net Income	$2M
Employer EIN	932972901
Plan Effective Date	2023-10-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees, IBEW Local 40 - NECA Variable)

Total plan assets by year, all Board of Trustees, IBEW Local 40 - NECA Variable plans on file

Year	Plans	Participants	Total Assets
2023	1	N/A	$1M
2024	1	187	$3M

Nearby Defined Benefit (Pension) Plans in California

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

IBEW Local 40 - NECA Variable Annuity Pension Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants

Kaiser Permanente Retirement Plan $34.5B · 135,057
Pacific Gas and Electric Company Retirement Plan $17.6B · 27,500
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. $11.4B · 18,983
Western States Carpenters Pension Plan $11.3B · 48,582
Ilwu-Pma Pension Plan $10.8B · 15,833

Compare IBEW Local 40 - NECA Variable Annuity Pe… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to IBEW Local 40 - NECA Variable Annuity Pension Plan by total assets, not by location.

Boca General and Family Medicine Defined Benefit Plan (FL) $3M · 12
Buckeye Pipe Line Services Company Iuoe Pension Plan (TX) $3M · 25
Greater Wisconsin Multi-Employer Retirement Income (WI) $3M · N/A
Tremaine Enterprises, Inc. Cash Balance Pension Plan (CO) $3M · 3

Frequently Asked Questions

How did IBEW Local 40 - NECA Variable Annuity Pension Plan assets move in 2024? ▼

IBEW Local 40 - NECA Variable Annuity Pension Plan surged - up 123.8% during 2024, from $1M to $3M. Reported net income was $2M.

How have Board of Trustees, IBEW Local 40 - NECA Variable plan assets changed over time? ▼

Across 2 plan years on file (2023-2024), Board of Trustees, IBEW Local 40 - NECA Variable's sponsor-wide assets grew 123.8%, from $1M to $3M.

Which Defined Benefit (Pension) plans are similar in size to IBEW Local 40 - NECA Variable Annuity Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Boca General and Family Medicine Defined Benefit Plan in FL ($3M, 12 participants).

Next read for IBEW Local 40 - NECA Variable Annuity Pe…

Filing takeaways

Ways to act on IBEW Local 40 - NECA Variable Annuity Pension Plan's numbers.

By total assets, IBEW Local 40 - NECA Variable Annuity Pension Plan ranks in the lower half of filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in California. Compare plans
Board of Trustees, IBEW Local 40 - NECA Variable's sponsor-wide assets have grown 123.8% since 2023 across 2 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 932972901.