Michigan Upper Peninsula IBEW retirement plan: assets, participants and fees
What Michigan Upper Peninsula 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 | Michigan U.P. Ibew Pension Plan LLC | Schedule C ↗ |
| Independent auditor | Benda, Grace Stulz & Company, P.C. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 138 pension plans in construction with 500 to 999 participants.
| Michigan Upper Peninsula IBEW: employer contribution per participant | $8,821 | |
| Peer median | $5,251 |
| Michigan Upper Peninsula IBEW: average balance | $152,800 | |
| Peer median | $91,436 |
| Michigan Upper Peninsula IBEW: admin expenses ÷ assets | 0.54% | |
| Peer median | 0.77% |
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 $89.9M at the end of plan year 2023 to $103M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 671 | $103M | $5.9M | $8,821 | 0.54% | Not published | Form 5500 ↗ |
| 2023 | 644 | $89.9M | $5.2M | $8,045 | 0.55% | Not published | Form 5500 ↗ |
Common questions
Does Michigan Upper Peninsula IBEW match 401(k) contributions?
The match terms for the Michigan Upper Peninsula Intrl Brotherhood of Elec Workers Pension Plan have not been published from its filing yet. The plan year 2024 filing reports $5.9M in employer contributions, about $8,821 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Michigan Upper Peninsula IBEW 401(k) match vested?
The vesting schedule for the Michigan Upper Peninsula Intrl Brotherhood of Elec Workers Pension Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Michigan Upper Peninsula IBEW 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Michigan U.P. Ibew Pension Plan LLC. The plan administrator is Michigan Upper Peninsula Ibew.
I left Michigan Upper Peninsula IBEW. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Michigan Upper Peninsula Ibew, (906) 226-2414) or the recordkeeper, Michigan U.P. Ibew Pension Plan LLC. The Michigan Upper Peninsula IBEW old 401(k) page lists the contacts from every plan filing. Find an old Michigan Upper Peninsula IBEW 401(k)
Data from the public Form 5500 annual reports Michigan Upper Peninsula IBEW 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 Michigan Upper Peninsula IBEW. Not financial advice. Report a correction · Methodology