IBEW Union Local 129 retirement plan: assets, participants and fees
What IBEW Union Local 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 | Bridgeway Benefit Technologies | 2023 Schedule C ↗ |
| Independent auditor | Dgperry (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 138 pension plans in construction with 500 to 999 participants.
| IBEW Union Local 129: employer contribution per participant | $4,575 | |
| Peer median | $5,251 |
| IBEW Union Local 129: average balance | $164,960 | |
| Peer median | $91,436 |
| IBEW Union Local 129: admin expenses ÷ assets | 0.59% | |
| Peer median | 0.77% |
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 $112M at the end of plan year 2021 to $122M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 742 | $122M | $3.4M | $4,575 | 0.59% | Not published | Form 5500 ↗ |
| 2023 | 714 | $116M | $2.7M | $3,847 | 0.60% | Not published | Form 5500 ↗ |
| 2022 | 691 | $109M | $2.8M | $4,109 | 0.65% | Not published | Form 5500 ↗ |
| 2021 | 662 | $112M | $2.6M | $3,949 | 0.54% | Not published | Form 5500 ↗ |
Common questions
Does IBEW Union Local 129 match 401(k) contributions?
The match terms for the Ibew Local 129 Pension Fund Pension Plan have not been published from its filing yet. The plan year 2024 filing reports $3.4M in employer contributions, about $4,575 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the IBEW Union Local 129 401(k) match vested?
The vesting schedule for the Ibew Local 129 Pension Fund Pension Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the IBEW Union Local 129 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Bridgeway Benefit Technologies. The plan administrator is Solxsys Administrative Solutions Heather Carman.
I left IBEW Union Local 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 Heather Carman, (248) 663-2449) or the recordkeeper, Bridgeway Benefit Technologies. The IBEW Union Local 129 old 401(k) page lists the contacts from every plan filing. Find an old IBEW Union Local 129 401(k)
Data from the public Form 5500 annual reports IBEW Union Local 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 Union Local 129. Not financial advice. Report a correction · Methodology