IBEW Local 505 NECA Pension Plan retirement plan: assets, participants and fees
What IBEW Local 505 NECA Pension Plan'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 | Gulf States Consultants & Administr | Schedule C ↗ |
| Independent auditor | Way, Ray, Shelton & Co. P.C. (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.
| IBEW Local 505 NECA Pension Plan: employer contribution per participant | $4,545 | |
| Peer median | $5,506 |
| IBEW Local 505 NECA Pension Plan: average balance | $66,913 | |
| Peer median | $105,184 |
| IBEW Local 505 NECA Pension Plan: admin expenses ÷ assets | 0.80% | |
| 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 $54.5M at the end of plan year 2021 to $71.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,071 | $71.7M | $4.9M | $4,545 | 0.80% | Not published | Form 5500 ↗ |
| 2023 | 1,013 | $64.1M | $4M | $3,917 | 0.83% | Not published | Form 5500 ↗ |
| 2022 | 1,002 | $57.6M | $3.5M | $3,483 | 0.79% | Not published | Form 5500 ↗ |
| 2021 | 961 | $54.5M | $3.2M | $3,320 | 0.73% | Not published | Form 5500 ↗ |
Common questions
Does IBEW Local 505 NECA Pension Plan match 401(k) contributions?
The match terms for the Ibew Local 505 Neca Pension Plan have not been published from its filing yet. The plan year 2024 filing reports $4.9M in employer contributions, about $4,545 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the IBEW Local 505 NECA Pension Plan 401(k) match vested?
The vesting schedule for the Ibew Local 505 Neca Pension Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the IBEW Local 505 NECA Pension Plan 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Gulf States Consultants & Administr. The plan administrator is Ibew Local 505 Neca Pension Plan.
I left IBEW Local 505 NECA Pension Plan. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ibew Local 505 Neca Pension Plan, (251) 478-5412) or the recordkeeper, Gulf States Consultants & Administr. The IBEW Local 505 NECA Pension Plan old 401(k) page lists the contacts from every plan filing. Find an old IBEW Local 505 NECA Pension Plan 401(k)
Data from the public Form 5500 annual reports IBEW Local 505 NECA Pension Plan 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 Local 505 NECA Pension Plan. Not financial advice. Report a correction · Methodology