I.B.E.W Local 1579 Pension Plan Board of Trustees retirement plan: assets, participants and fees
What I.B.E.W Local 1579 Pension Plan Board of Trustees' 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 | Legacy Professionals LLP | Schedule C ↗ |
| Independent auditor | Legacy Professionals LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 287 pension plans in construction with 1,000 to 4,999 participants.
| I.B.E.W Local 1579 Pension Plan Board of Trustees: employer contribution per participant | $7,015 | |
| Peer median | $5,506 |
| I.B.E.W Local 1579 Pension Plan Board of Trustees: average balance | $148,699 | |
| Peer median | $105,184 |
| I.B.E.W Local 1579 Pension Plan Board of Trustees: admin expenses ÷ assets | 0.21% | |
| Peer median | 0.59% |
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 $165M at the end of plan year 2021 to $237M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,591 | $237M | $11.2M | $7,015 | 0.21% | Not published | Form 5500 ↗ |
| 2023 | 1,577 | $216M | $9.8M | $6,223 | 0.30% | Not published | Form 5500 ↗ |
| 2022 | 1,671 | $181M | $11.9M | $7,121 | 0.54% | Not published | Form 5500 ↗ |
| 2021 | 1,780 | $165M | $14.9M | $8,378 | 0.55% | Not published | Form 5500 ↗ |
Common questions
Does I.B.E.W Local 1579 Pension Plan Board of Trustees match 401(k) contributions?
The match terms for the I.B.E.W. Local 1579 Pension Plan have not been published from its filing yet. The plan year 2024 filing reports $11.2M in employer contributions, about $7,015 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the I.B.E.W Local 1579 Pension Plan Board of Trustees 401(k) match vested?
The vesting schedule for the I.B.E.W. Local 1579 Pension Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the I.B.E.W Local 1579 Pension Plan Board of Trustees 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Legacy Professionals LLP. The plan administrator is I.B.E.W Local 1579 Pension Plan Board of Trustees.
I left I.B.E.W Local 1579 Pension Plan Board of Trustees. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (I.B.E.W Local 1579 Pension Plan Board of Trustees, (800) 842-5899) or the recordkeeper, Legacy Professionals LLP. The I.B.E.W Local 1579 Pension Plan Board of Trustees old 401(k) page lists the contacts from every plan filing. Find an old I.B.E.W Local 1579 Pension Plan Board of Trustees 401(k)
Data from the public Form 5500 annual reports I.B.E.W Local 1579 Pension Plan Board of Trustees 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 I.B.E.W Local 1579 Pension Plan Board of Trustees. Not financial advice. Report a correction · Methodology