Asbestos Workers Local Union Defined Contribution Plan retirement plan: assets, participants and fees
What Asbestos Workers Local Union Defined Contribution Plan's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Ceresa M Frenkel PC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,874 defined-contribution plans in construction with 100 to 499 participants.
| Asbestos Workers Local Union Defined Contribution Plan: employer contribution per participant | $424 | |
| Peer median | $2,411 |
| Asbestos Workers Local Union Defined Contribution Plan: average balance | $6,451 | |
| Peer median | $61,921 |
| Asbestos Workers Local Union Defined Contribution Plan: admin expenses ÷ assets | 3.21% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.8M at the end of plan year 2021 to $2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 310 | $2M | $131K | $424 | 3.21% | Not published | Form 5500 ↗ |
| 2023 | 420 | $2M | $102K | $243 | 2.72% | Not published | Form 5500 ↗ |
| 2022 | 447 | $1.9M | $158K | $353 | 2.57% | Not published | Form 5500 ↗ |
| 2021 | 469 | $1.8M | $86K | $183 | 2.22% | Not published | Form 5500 ↗ |
Common questions
Does Asbestos Workers Local Union Defined Contribution Plan match 401(k) contributions?
The match terms for the Asbestos Workers Local Union 55 Defined Contribution Plan have not been published from its filing yet. The plan year 2024 filing reports $131K in employer contributions, about $424 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Asbestos Workers Local Union Defined Contribution Plan 401(k) match vested?
The vesting schedule for the Asbestos Workers Local Union 55 Defined Contribution Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Asbestos Workers Local Union Defined Contribution Plan 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Asbestos Workers Local Union Defined Contribution Plan.
I left Asbestos Workers Local Union Defined Contribution Plan. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Asbestos Workers Local Union Defined Contribution Plan, (251) 661-9703) or the recordkeeper, Empower Annuity Insurance Company. The Asbestos Workers Local Union Defined Contribution Plan old 401(k) page lists the contacts from every plan filing. Find an old Asbestos Workers Local Union Defined Contribution Plan 401(k)
Data from the public Form 5500 annual reports Asbestos Workers Local Union Defined Contribution Plan filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Asbestos Workers Local Union Defined Contribution Plan. Not financial advice. Report a correction · Methodology