IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi retirement plan: assets, participants and fees
What IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi'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 | John Hancock Retirement Services | Schedule C ↗ |
| Independent auditor | Alan Ross & Company PC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 523 defined-contribution plans in construction with 500 to 999 participants.
| IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi: employer contribution per participant | $14,395 | |
| Peer median | $2,361 |
| IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi: average balance | $242,221 | |
| Peer median | $60,193 |
| IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi: admin expenses ÷ assets | 0.19% | |
| Peer median | 0.31% |
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 $116M at the end of plan year 2021 to $125M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 518 | $125M | $7.5M | $14,395 | 0.19% | Not published | Form 5500 ↗ |
| 2023 | 521 | $114M | $7.6M | $14,618 | 0.17% | Not published | Form 5500 ↗ |
| 2022 | 526 | $99.9M | $8.1M | $15,667 | 0.16% | Not published | Form 5500 ↗ |
| 2021 | 581 | $116M | $7.6M | $13,039 | 0.16% | Not published | Form 5500 ↗ |
Common questions
Does IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi match 401(k) contributions?
The match terms for the Ibew Afl-Cio Local Union 743 Neca Penn-Del-Jersey Chapter Reading Division Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $7.5M in employer contributions, about $14,395 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi 401(k) match vested?
The vesting schedule for the Ibew Afl-Cio Local Union 743 Neca Penn-Del-Jersey Chapter Reading Division Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock Retirement Services. The plan administrator is Ibew Afl-Cio Local Union 743 Neca Penn-Del-Jersey Chapter Reading Divi.
I left IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ibew Afl-Cio Local Union 743 Neca Penn-Del-Jersey Chapter Reading Divi, (610) 777-3100) or the recordkeeper, John Hancock Retirement Services. The IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi old 401(k) page lists the contacts from every plan filing. Find an old IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi 401(k)
Data from the public Form 5500 annual reports IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi 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 IBEW AFL-CIO Local Union 743 NECA Penn-Del-Jersey Chapter Reading Divi. Not financial advice. Report a correction · Methodology