Local Union 306 IBEW Pension Annuity Fund Trustees retirement plan: assets, participants and fees
What Local Union 306 IBEW Pension Annuity Fund Trustees' 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 | Yurchyk & Davis Cpa'S, Inc. (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.
| Local Union 306 IBEW Pension Annuity Fund Trustees: employer contribution per participant | $8,373 | |
| Peer median | $2,900 |
| Local Union 306 IBEW Pension Annuity Fund Trustees: average balance | $214,738 | |
| Peer median | $67,876 |
| Local Union 306 IBEW Pension Annuity Fund Trustees: admin expenses ÷ assets | 0.20% | |
| 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 $268M at the end of plan year 2021 to $302M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,407 | $302M | $11.8M | $8,373 | 0.20% | Not published | Form 5500 ↗ |
| 2023 | 1,405 | $263M | $10.8M | $7,718 | 0.13% | Not published | Form 5500 ↗ |
| 2022 | 1,389 | $232M | $10.9M | $7,910 | 0.11% | Not published | Form 5500 ↗ |
| 2021 | 1,302 | $268M | $9.2M | $7,112 | 0.12% | Not published | Form 5500 ↗ |
Common questions
Does Local Union 306 IBEW Pension Annuity Fund Trustees match 401(k) contributions?
The match terms for the Local Union No 306 Ibew Pension Annuity Plan have not been published from its filing yet. The plan year 2024 filing reports $11.8M in employer contributions, about $8,373 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Local Union 306 IBEW Pension Annuity Fund Trustees 401(k) match vested?
The vesting schedule for the Local Union No 306 Ibew Pension Annuity Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Local Union 306 IBEW Pension Annuity Fund Trustees 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Local Union 306 Ibew Pension Annuity Fund Trustees.
I left Local Union 306 IBEW Pension Annuity Fund Trustees. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Local Union 306 Ibew Pension Annuity Fund Trustees, (330) 270-0453) or the recordkeeper, Empower Annuity Insurance Company. The Local Union 306 IBEW Pension Annuity Fund Trustees old 401(k) page lists the contacts from every plan filing. Find an old Local Union 306 IBEW Pension Annuity Fund Trustees 401(k)
Data from the public Form 5500 annual reports Local Union 306 IBEW Pension Annuity Fund Trustees 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 306 IBEW Pension Annuity Fund Trustees. Not financial advice. Report a correction · Methodology