International Brotherhood of Elec Workers Union Local 7 401(k) match, vesting and fees
What International Brotherhood of Elec Workers Union Local 7's 401(k) 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 | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Lapier, Dillon and Associates, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 523 defined-contribution plans in construction with 500 to 999 participants.
| International Brotherhood of Elec Workers Union Local 7: employer contribution per participant | $5,026 | |
| Peer median | $2,361 |
| International Brotherhood of Elec Workers Union Local 7: average balance | $85,430 | |
| Peer median | $60,193 |
| International Brotherhood of Elec Workers Union Local 7: admin expenses ÷ assets | 0.37% | |
| 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 $65.7M at the end of plan year 2021 to $78.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 915 | $78.2M | $4.6M | $5,026 | 0.37% | Not published | Form 5500 ↗ |
| 2023 | 903 | $73.2M | $4.3M | $4,774 | 0.51% | Not published | Form 5500 ↗ |
| 2022 | 890 | $66M | $4.1M | $4,566 | 0.45% | Not published | Form 5500 ↗ |
| 2021 | 864 | $65.7M | $3.6M | $4,122 | 0.30% | Not published | Form 5500 ↗ |
Common questions
Does International Brotherhood of Elec Workers Union Local 7 match 401(k) contributions?
The match terms for the The International Brotherhood of Electrical Workers Local 7 Annuity Plan have not been published from its filing yet. The plan year 2024 filing reports $4.6M in employer contributions, about $5,026 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the International Brotherhood of Elec Workers Union Local 7 401(k) match vested?
The vesting schedule for the The International Brotherhood of Electrical Workers Local 7 Annuity Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the International Brotherhood of Elec Workers Union Local 7 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Retirement Solutions. The plan administrator is International Brotherhood of Elec Workers Union Local 7.
I left International Brotherhood of Elec Workers Union Local 7. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (International Brotherhood of Elec Workers Union Local 7, (800) 446-8646) or the recordkeeper, Transamerica Retirement Solutions. The International Brotherhood of Elec Workers Union Local 7 old 401(k) page lists the contacts from every plan filing. Find an old International Brotherhood of Elec Workers Union Local 7 401(k)
Data from the public Form 5500 annual reports International Brotherhood of Elec Workers Union Local 7 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 International Brotherhood of Elec Workers Union Local 7. Not financial advice. Report a correction · Methodology