Local Union 106 IBEW retirement plan: assets, participants and fees
What Local Union 106 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 | John Hancock | Schedule C ↗ |
| Independent auditor | Buffamante, Whipple, Buttafaro PC (unmodified opinion, limited scope) | 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.
| Local Union 106 IBEW: employer contribution per participant | $7,011 | |
| Peer median | $2,868 |
| Local Union 106 IBEW: average balance | $153,795 | |
| Peer median | $95,281 |
| Local Union 106 IBEW: admin expenses ÷ assets | 1.39% | |
| 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 $22.5M at the end of plan year 2021 to $34.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 232 | $34.1M | $1.6M | $7,011 | 1.39% | Not published | Form 5500 ↗ |
| 2023 | 215 | $29.7M | $1.3M | $6,563 | 0.56% | Not published | Form 5500 ↗ |
| 2022 | 191 | $23.2M | $994K | $5,204 | 0.61% | Not published | Form 5500 ↗ |
| 2021 | 197 | $22.5M | $1.1M | $5,876 | 0.49% | Not published | Form 5500 ↗ |
Other Local Union 106 IBEW plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
I.B.E.W. Local No. 106 Pension Plan
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.
| Independent auditor | Buffamante, Whipple, Buttafaro PC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Local Union 106 IBEW match 401(k) contributions?
The match terms for the I.B.E.W. Local No. 106 Annuity Plan have not been published from its filing yet. The plan year 2024 filing reports $1.6M in employer contributions, about $7,011 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Local Union 106 IBEW 401(k) match vested?
The vesting schedule for the I.B.E.W. Local No. 106 Annuity Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Local Union 106 IBEW 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock. The plan administrator is Trustees of Local Union 106 Ibew Annuity Plan.
I left Local Union 106 IBEW. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Trustees of Local Union 106 Ibew Annuity Plan, (716) 484-9449) or the recordkeeper, John Hancock. The Local Union 106 IBEW old 401(k) page lists the contacts from every plan filing. Find an old Local Union 106 IBEW 401(k)
Data from the public Form 5500 annual reports Local Union 106 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 Local Union 106 IBEW. Not financial advice. Report a correction · Methodology