Electricians Annuity Fund IBEW Local 456 retirement plan: assets, participants and fees
What Electricians Annuity Fund IBEW Local 456'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 | Mspc Certified Public Accountants & (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · 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.
| Electricians Annuity Fund IBEW Local 456: employer contribution per participant | $7,663 | |
| Peer median | $2,900 |
| Electricians Annuity Fund IBEW Local 456: average balance | $181,449 | |
| Peer median | $67,876 |
| Electricians Annuity Fund IBEW Local 456: admin expenses ÷ assets | 0.14% | |
| 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 $338M at the end of plan year 2021 to $355M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,170 | $355M | $15M | $7,663 | 0.14% | Not published | Form 5500 ↗ |
| 2023 | 1,942 | $326M | $14.9M | $7,687 | 0.16% | Not published | Form 5500 ↗ |
| 2022 | 1,960 | $295M | $14M | $7,120 | 0.13% | Not published | Form 5500 ↗ |
| 2021 | 2,038 | $338M | $14.4M | $7,060 | 0.12% | Not published | Form 5500 ↗ |
Common questions
Does Electricians Annuity Fund IBEW Local 456 match 401(k) contributions?
The match terms for the Electricians Annuity Plan - Ibew Local 456 have not been published from its filing yet. The plan year 2024 filing reports $15M in employer contributions, about $7,663 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Electricians Annuity Fund IBEW Local 456 401(k) match vested?
The vesting schedule for the Electricians Annuity Plan - Ibew Local 456 is not in the data published so far. Your Summary Plan Description states it.
Who manages the Electricians Annuity Fund IBEW Local 456 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is I.E. Shaffer & Co..
I left Electricians Annuity Fund IBEW Local 456. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (I.E. Shaffer & Co., (800) 792-3666) or the recordkeeper, Empower Annuity Insurance Company. The Electricians Annuity Fund IBEW Local 456 old 401(k) page lists the contacts from every plan filing. Find an old Electricians Annuity Fund IBEW Local 456 401(k)
Data from the public Form 5500 annual reports Electricians Annuity Fund IBEW Local 456 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 Electricians Annuity Fund IBEW Local 456. Not financial advice. Report a correction · Methodology