Joint Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun retirement plan: assets, participants and fees
What Joint Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun'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 | Frank N Hestand Cpa Psc (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · 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.
| Joint Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun: employer contribution per participant | $8,546 | |
| Peer median | $2,868 |
| Joint Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun: average balance | $146,488 | |
| Peer median | $95,281 |
| Joint Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun: admin expenses ÷ assets | 0.30% | |
| 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 $65.1M at the end of plan year 2021 to $72.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 495 | $72.5M | $4.2M | $8,546 | 0.30% | Not published | Form 5500 ↗ |
| 2023 | 472 | $64M | $3.2M | $6,698 | 0.34% | Not published | Form 5500 ↗ |
| 2022 | 430 | $53.5M | $2.7M | $6,842 | 0.34% | Not published | Form 5500 ↗ |
| 2021 | 445 | $65.1M | $2M | $4,735 | 0.33% | Not published | Form 5500 ↗ |
Common questions
Does Joint Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun match 401(k) contributions?
The match terms for the Neca-Ibew Local Union 1701 Pension Benefit Trust Fund have not been published from its filing yet. The plan year 2024 filing reports $4.2M in employer contributions, about $8,546 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Joint Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun 401(k) match vested?
The vesting schedule for the Neca-Ibew Local Union 1701 Pension Benefit Trust Fund is not in the data published so far. Your Summary Plan Description states it.
Who manages the Joint Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Joint Board of Trustees of Neca Ibew Local 1701 Pen. Ben. Trst Fun.
I left Joint Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Joint Board of Trustees of Neca Ibew Local 1701 Pen. Ben. Trst Fun, (517) 321-7502) or the recordkeeper, Empower Annuity Insurance Company. The Joint Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun old 401(k) page lists the contacts from every plan filing. Find an old Joint Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun 401(k)
Data from the public Form 5500 annual reports Joint Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun 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 Board of Trustees of NECA IBEW Local 1701 Pen. Ben. TRST Fun. Not financial advice. Report a correction · Methodology