IBEW Local Union 129 retirement plan: assets, participants and fees
What IBEW Local Union 129'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 Retirement | Schedule C ↗ |
| Independent auditor | Dgperry Cpas + Advisors (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| IBEW Local Union 129: employer contribution per participant | $5,330 | |
| Peer median | $2,868 |
| IBEW Local Union 129: average balance | $145,011 | |
| Peer median | $95,281 |
| IBEW Local Union 129: admin expenses ÷ assets | 0.10% | |
| Peer median | 0.22% |
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 $53.2M at the end of plan year 2021 to $52.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 362 | $52.5M | $1.9M | $5,330 | 0.10% | Not published | Form 5500 ↗ |
| 2023 | 409 | $48.4M | $1.4M | $3,442 | 0.08% | Not published | Form 5500 ↗ |
| 2022 | 384 | $42.3M | $1.5M | $4,021 | 0.08% | Not published | Form 5500 ↗ |
| 2021 | 370 | $53.2M | $1.3M | $3,567 | 0.07% | Not published | Form 5500 ↗ |
Common questions
Does IBEW Local Union 129 match 401(k) contributions?
The match terms for the Ibew Local 129 Profit Sharing Annuity Plan have not been published from its filing yet. The plan year 2024 filing reports $1.9M in employer contributions, about $5,330 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the IBEW Local Union 129 401(k) match vested?
The vesting schedule for the Ibew Local 129 Profit Sharing Annuity Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the IBEW Local Union 129 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Retirement. The plan administrator is Solxsys Administrative Solutions.
I left IBEW Local Union 129. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Solxsys Administrative Solutions, (248) 663-2449) or the recordkeeper, Empower Retirement. The IBEW Local Union 129 old 401(k) page lists the contacts from every plan filing. Find an old IBEW Local Union 129 401(k)
Data from the public Form 5500 annual reports IBEW Local Union 129 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 Union 129. Not financial advice. Report a correction · Methodology