Board of Trustees of IBEW Local 688 Retirement Fund retirement plan: assets, participants and fees
What Board of Trustees of IBEW Local 688 Retirement Fund'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 | I.B.E.W. 688 Fringe Benefit Funds | Schedule C ↗ |
| Independent auditor | Dgperry, PLLC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,874 defined-contribution plans in construction with 100 to 499 participants.
| Board of Trustees of IBEW Local 688 Retirement Fund: employer contribution per participant | $2,982 | |
| Peer median | $2,411 |
| Board of Trustees of IBEW Local 688 Retirement Fund: average balance | $50,018 | |
| Peer median | $61,921 |
| Board of Trustees of IBEW Local 688 Retirement Fund: admin expenses ÷ assets | 0.58% | |
| 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 $14M at the end of plan year 2021 to $18.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 372 | $18.6M | $1.1M | $2,982 | 0.58% | Not published | Form 5500 ↗ |
| 2023 | 382 | $16.8M | $1M | $2,731 | 0.63% | Not published | Form 5500 ↗ |
| 2022 | 351 | $14.5M | $906K | $2,581 | 0.70% | Not published | Form 5500 ↗ |
| 2021 | 328 | $14M | $905K | $2,768 | 0.55% | Not published | Form 5500 ↗ |
Common questions
Does Board of Trustees of IBEW Local 688 Retirement Fund match 401(k) contributions?
The match terms for the Ibew Local 688 Retirement Fund have not been published from its filing yet. The plan year 2024 filing reports $1.1M in employer contributions, about $2,982 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Board of Trustees of IBEW Local 688 Retirement Fund 401(k) match vested?
The vesting schedule for the Ibew Local 688 Retirement Fund is not in the data published so far. Your Summary Plan Description states it.
Who manages the Board of Trustees of IBEW Local 688 Retirement Fund 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is I.B.E.W. 688 Fringe Benefit Funds. The plan administrator is Benesys, Inc..
I left Board of Trustees of IBEW Local 688 Retirement Fund. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Benesys, Inc., (800) 435-2388) or the recordkeeper, I.B.E.W. 688 Fringe Benefit Funds. The Board of Trustees of IBEW Local 688 Retirement Fund old 401(k) page lists the contacts from every plan filing. Find an old Board of Trustees of IBEW Local 688 Retirement Fund 401(k)
Data from the public Form 5500 annual reports Board of Trustees of IBEW Local 688 Retirement Fund 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 of IBEW Local 688 Retirement Fund. Not financial advice. Report a correction · Methodology