401(k) · DOL Form 5500 · 2024

Board of Trustees, IBEW Local 40 - NECA 401(k) Plan 401(k) Plan

Data updated 2026-08-25

$40M
Total assets Below avg plan size
401
Participants Below avg headcount
82nd
Percentile by assets National rank
$100,515
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: IBEW Local 40 - NECA 401(k) Plan · Sponsored by Board of Trustees, IBEW Local 40 - NECA 401(k) Plan · California · Construction

$40M in assets, 401 participants

Board of Trustees, IBEW Local 40 - NECA 401(k) Plan's IBEW Local 40 - NECA 401(k) Plan reported $40M in total assets and 401 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.

  • #7,230 in Construction (9,039 peers)

Where IBEW Local 40 - NECA 401(k) Plan sits by assets

IBEW Local 40 - NECA 401(k) Plan sits in the top quartile of all filed plans by assets, $40M for 401 participants (~$100,515/participant), up 14.9% in 2024.

#7,230
in Construction (9,039 peers)
+14.9%
assets growth YoY
0.4×
vs typical plan assets (national mean)

IBEW Local 40 - NECA 401(k) Plan's outsized position by total assets

IBEW Local 40 - NECA 401(k) Plan vs every filed plan by assets

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

$40,306,427 Top 18% higher than 82% 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 40 - NECA 401(k) 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 40 - NECA 401(k) Plan sits mid-pack in the medium band (401 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • IBEW Local 40 - NECA 401(k) Plan reported net income fell from $7M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • IBEW Local 40 - NECA 401(k) Plan end-of-year assets rose from $35M in the plan year 2023 filing to $40M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 912018522 · Board of Trustees, IBEW Local 40 - NECA 401(k) Plan PY 2024 · 401(k)

IBEW Local 40 - NECA 401(k) Plan · $40M · 401 · 82nd

  • EOY $40M
  • 5500 401
  • ASSETS 82nd
  • PCT 401(k)
  • EIN near Morrow Equipment Company L. L. C. Savings Plan
  • RANK ind #7230

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 California →

IBEW Local 40 - NECA 401(k) Plan in the asset neighbourhood

IBEW Local 40 - NECA 401(k) PlanIBEW Local 40 - NECA 401(k) …$40MMorrow Equipment Company L. L. C. Savings PlanMorrow Equipment Company L. …$40MTexas Retina Associates Retirement PlanTexas Retina Associates Reti…$40MInovar Packaging Group, LLC 401(k) Profit Sharing PlanInovar Packaging Group, LLC …$40MNew England Controls 401(k) PlanNew England Controls 401(k) …$40M
End-of-year total assets ($M) among IBEW Local 40 - NECA 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$35M
Net Assets (End of Year)$40M
Net Income$5M
Employer EIN912018522
Plan Effective Date1999-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees, IBEW Local 40 - NECA 401(k) Plan)

Sponsor-wide plan assets over time

All Board of Trustees, IBEW Local 40 - NECA 401(k) Plan plans reported in each filing year

Latest sponsor-wide plan assets
$40M 45.77701770420086% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $27.7M $40.3M ▲ +45.8%
Year Plans Participants Total Assets
2022 1 367 $28M
2023 1 404 $35M
2024 1 401 $40M

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

IBEW Local 40 - NECA 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants IBEW Local 40 - NECA 401(k) Plan, Total assets ($B): 0.040306427 · Participants: 401IBEW Local 40 - NECA 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
IBEW Local 40 - NECA 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare IBEW Local 40 - NECA 401(k) Plan side-by-side with 3 peers →

IBEW Local 40 - NECA 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Morrow Equipment Company L. L. C. Savings Plan in OR ($40M); by covered participants it is Kiel Center 401(k) Plan in MO (401 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (401 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 40 - NECA 401(k) Plan assets move in 2024? ▼
IBEW Local 40 - NECA 401(k) Plan grew at a solid clip - up 14.9% during 2024, from $35M to $40M. Reported net income was $5M.
How have Board of Trustees, IBEW Local 40 - NECA 401(k) Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees, IBEW Local 40 - NECA 401(k) Plan's sponsor-wide assets grew 45.8%, from $28M to $40M.
Where does IBEW Local 40 - NECA 401(k) Plan rank by assets among Form 5500 filers? ▼
IBEW Local 40 - NECA 401(k) Plan ranks in the 82nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to IBEW Local 40 - NECA 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Morrow Equipment Company L. L. C. Savings Plan in OR ($40M, 245 participants).
Which 401(k) plans cover a similar participant headcount to IBEW Local 40 - NECA 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kiel Center 401(k) Plan in MO (401 participants, $24M 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 912018522.

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.