Joint Annuity Fund Local 164 IBEW retirement plan: assets, participants and fees
What Joint Annuity Fund Local 164 IBEW'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 Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Mspc Certified Public Accountants & (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 570 defined-contribution plans in construction with 1,000 to 4,999 participants.
| Joint Annuity Fund Local 164 IBEW: employer contribution per participant | $9,956 | |
| Peer median | $2,900 |
| Joint Annuity Fund Local 164 IBEW: average balance | $245,071 | |
| Peer median | $67,876 |
| Joint Annuity Fund Local 164 IBEW: admin expenses ÷ assets | 0.17% | |
| Peer median | 0.26% |
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 $845M at the end of plan year 2021 to $925M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,793 | $925M | $37.6M | $9,956 | 0.17% | Not published | Form 5500 ↗ |
| 2023 | 3,809 | $832M | $35.5M | $9,327 | 0.18% | Not published | Form 5500 ↗ |
| 2022 | 3,866 | $728M | $38.6M | $9,979 | 0.23% | Not published | Form 5500 ↗ |
| 2021 | 3,864 | $845M | $36.6M | $9,483 | 0.24% | Not published | Form 5500 ↗ |
Common questions
Does Joint Annuity Fund Local 164 IBEW match 401(k) contributions?
The match terms for the Joint Annuity Fund Local 164 Ibew have not been published from its filing yet. The plan year 2024 filing reports $37.6M in employer contributions, about $9,956 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Joint Annuity Fund Local 164 IBEW 401(k) match vested?
The vesting schedule for the Joint Annuity Fund Local 164 Ibew is not in the data published so far. Your Summary Plan Description states it.
Who manages the Joint Annuity Fund Local 164 IBEW 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Joint Annuity Fund Local 164 Ibew.
I left Joint Annuity Fund Local 164 IBEW. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Joint Annuity Fund Local 164 Ibew, (973) 228-4200) or the recordkeeper, Empower Annuity Insurance Company. The Joint Annuity Fund Local 164 IBEW old 401(k) page lists the contacts from every plan filing. Find an old Joint Annuity Fund Local 164 IBEW 401(k)
Data from the public Form 5500 annual reports Joint Annuity Fund Local 164 IBEW 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 Joint Annuity Fund Local 164 IBEW. Not financial advice. Report a correction · Methodology