Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan retirement plan: assets, participants and fees
What Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan'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 Co. | Schedule C ↗ |
| Independent auditor | Novak Francella, LLC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Profit-sharing · 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 98 I.B.E.W. - Trustees Profit Sharing Plan: employer contribution per participant | $14,790 | |
| Peer median | $2,900 |
| Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan: average balance | $271,774 | |
| Peer median | $67,876 |
| Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan: admin expenses ÷ assets | 0.06% | |
| 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 $1.1B at the end of plan year 2023 to $1.3B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 4,631 | $1.3B | $68.5M | $14,790 | 0.06% | Not published | Form 5500 ↗ |
| 2023 | 4,681 | $1.1B | $65.8M | $14,059 | 0.07% | Not published | Form 5500 ↗ |
Common questions
Does Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan match 401(k) contributions?
The match terms for the International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $68.5M in employer contributions, about $14,790 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan 401(k) match vested?
The vesting schedule for the International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Co.. The plan administrator is Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan.
I left Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan, (215) 563-5592) or the recordkeeper, Empower Annuity Insurance Co.. The Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan old 401(k) page lists the contacts from every plan filing. Find an old Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan 401(k)
Data from the public Form 5500 annual reports Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan filed with the U.S. Department of Labor (plan years 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 98 I.B.E.W. - Trustees Profit Sharing Plan. Not financial advice. Report a correction · Methodology