Board of Trustees, IBEW Local 40 - NECA Variable retirement plan: assets, participants and fees
What Board of Trustees, IBEW Local 40 - NECA Variable'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 | Coast Benefits | Schedule C ↗ |
| Independent auditor | Miller Kaplan Arase LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 125 pension plans in construction with 100 to 499 participants.
| Board of Trustees, IBEW Local 40 - NECA Variable: employer contribution per participant | $8,084 | |
| Peer median | $4,603 |
| Board of Trustees, IBEW Local 40 - NECA Variable: average balance | $14,490 | |
| Peer median | $82,731 |
| Board of Trustees, IBEW Local 40 - NECA Variable: admin expenses ÷ assets | 7.02% | |
| Peer median | 0.96% |
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 $1.2M at the end of plan year 2023 to $2.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 189 | $2.7M | $1.5M | $8,084 | 7.02% | Not published | Form 5500 ↗ |
| 2023 | 187 | $1.2M | $1.3M | $6,770 | 16.12% | Not published | Form 5500 ↗ |
Common questions
Does Board of Trustees, IBEW Local 40 - NECA Variable match 401(k) contributions?
The match terms for the Ibew Local 40 - Neca Variable Annuity Pension Plan have not been published from its filing yet. The plan year 2024 filing reports $1.5M in employer contributions, about $8,084 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Board of Trustees, IBEW Local 40 - NECA Variable 401(k) match vested?
The vesting schedule for the Ibew Local 40 - Neca Variable Annuity Pension Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Board of Trustees, IBEW Local 40 - NECA Variable 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Coast Benefits. The plan administrator is Board of Trustees, Ibew Local 40 - Neca Variable.
I left Board of Trustees, IBEW Local 40 - NECA Variable. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Board of Trustees, Ibew Local 40 - Neca Variable, (619) 280-2009) or the recordkeeper, Coast Benefits. The Board of Trustees, IBEW Local 40 - NECA Variable old 401(k) page lists the contacts from every plan filing. Find an old Board of Trustees, IBEW Local 40 - NECA Variable 401(k)
Data from the public Form 5500 annual reports Board of Trustees, IBEW Local 40 - NECA Variable 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 Board of Trustees, IBEW Local 40 - NECA Variable. Not financial advice. Report a correction · Methodology