Board of Trustees Local No. 8 IBEW Retirement Plan & Trust 401(k) match, vesting and fees
What Board of Trustees Local No. 8 IBEW Retirement Plan & Trust's 401(k) 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 Ins Co. of America | Schedule C ↗ |
| Independent auditor | Mspc, Cpa'S and Advisors, P.C. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 570 defined-contribution plans in construction with 1,000 to 4,999 participants.
| Board of Trustees Local No. 8 IBEW Retirement Plan & Trust: employer contribution per participant | $6,999 | |
| Peer median | $2,900 |
| Board of Trustees Local No. 8 IBEW Retirement Plan & Trust: average balance | $220,873 | |
| Peer median | $67,876 |
| Board of Trustees Local No. 8 IBEW Retirement Plan & Trust: admin expenses ÷ assets | 0.37% | |
| Peer median | 0.26% |
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 $610M at the end of plan year 2021 to $650M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,162 | $650M | $20.6M | $6,999 | 0.37% | Not published | Form 5500 ↗ |
| 2023 | 2,833 | $596M | $18.2M | $6,414 | 0.40% | Not published | Form 5500 ↗ |
| 2022 | 2,826 | $534M | $19M | $6,730 | 0.30% | Not published | Form 5500 ↗ |
| 2021 | 2,665 | $610M | $16.6M | $6,217 | 0.27% | Not published | Form 5500 ↗ |
Common questions
Does Board of Trustees Local No. 8 IBEW Retirement Plan & Trust match 401(k) contributions?
The match terms for the Local No. 8 Ibew Retirement Plan & Trust have not been published from its filing yet. The plan year 2024 filing reports $20.6M in employer contributions, about $6,999 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Board of Trustees Local No. 8 IBEW Retirement Plan & Trust 401(k) match vested?
The vesting schedule for the Local No. 8 Ibew Retirement Plan & Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Board of Trustees Local No. 8 IBEW Retirement Plan & Trust 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Ins Co. of America. The plan administrator is Board of Trustees Local No. 8 Ibew Retirement Plan & Trust.
I left Board of Trustees Local No. 8 IBEW Retirement Plan & Trust. 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 Local No. 8 Ibew Retirement Plan & Trust, (419) 666-4450) or the recordkeeper, Empower Annuity Ins Co. of America. The Board of Trustees Local No. 8 IBEW Retirement Plan & Trust old 401(k) page lists the contacts from every plan filing. Find an old Board of Trustees Local No. 8 IBEW Retirement Plan & Trust 401(k)
Data from the public Form 5500 annual reports Board of Trustees Local No. 8 IBEW Retirement Plan & Trust 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 Board of Trustees Local No. 8 IBEW Retirement Plan & Trust. Not financial advice. Report a correction · Methodology