B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan retirement plan: assets, participants and fees
What B of T IBEW Local No 640 & Az Chapter NECA 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 | Principal Financial Group | Schedule C ↗ |
| Independent auditor | Baldwin Moffitt Behm LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 84 defined-contribution plans in construction with 5,000 to 9,999 participants.
| B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan: employer contribution per participant | $2,206 | |
| Peer median | $2,724 |
| B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan: average balance | $26,865 | |
| Peer median | $57,731 |
| B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan: admin expenses ÷ assets | 0.47% | |
| Peer median | 0.23% |
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 $119M at the end of plan year 2023 to $137M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 6,401 | $137M | $11.2M | $2,206 | 0.47% | Not published | Form 5500 ↗ |
| 2023 | 5,857 | $119M | $10.3M | $2,183 | 0.75% | Not published | Form 5500 ↗ |
Other B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Ibew Local No 640 & Az Chapter Neca Defined Benefit Pension Plan
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.
| Independent auditor | Baldwin Moffitt Behm LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan match 401(k) contributions?
The match terms for the Ibew Local No 640 & Az Chapter Neca Defined Contribution Plan have not been published from its filing yet. The plan year 2024 filing reports $11.2M in employer contributions, about $2,206 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan 401(k) match vested?
The vesting schedule for the Ibew Local No 640 & Az Chapter Neca Defined Contribution Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Financial Group. The plan administrator is B of T Ibew Local No 640 & Az Chapter Neca Defined Contribution Plan.
I left B of T IBEW Local No 640 & Az Chapter NECA 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 (B of T Ibew Local No 640 & Az Chapter Neca Defined Contribution Plan, (602) 248-8434) or the recordkeeper, Principal Financial Group. The B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan old 401(k) page lists the contacts from every plan filing. Find an old B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan 401(k)
Data from the public Form 5500 annual reports B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan filed with the U.S. Department of Labor (plan years 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 B of T IBEW Local No 640 & Az Chapter NECA Defined Contribution Plan. Not financial advice. Report a correction · Methodology