NECA-IBEW Local 480 Pension Plan Board of Trustees retirement plan: assets, participants and fees
What NECA-IBEW Local 480 Pension Plan Board of 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 Ins Co of America | Schedule C ↗ |
| Independent auditor | Tann, Brown & Russ Co., PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 263 defined-contribution plans in other services with 1,000 to 4,999 participants.
| NECA-IBEW Local 480 Pension Plan Board of Trustees: employer contribution per participant | $4,692 | |
| Peer median | $1,431 |
| NECA-IBEW Local 480 Pension Plan Board of Trustees: average balance | $105,574 | |
| Peer median | $42,646 |
| NECA-IBEW Local 480 Pension Plan Board of Trustees: admin expenses ÷ assets | 0.22% | |
| Peer median | 0.23% |
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 $112M at the end of plan year 2023 to $123M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,167 | $123M | $5.5M | $4,692 | 0.22% | Not published | Form 5500 ↗ |
| 2023 | 1,091 | $112M | $4.6M | $4,195 | 0.23% | Not published | Form 5500 ↗ |
Common questions
Does NECA-IBEW Local 480 Pension Plan Board of Trustees match 401(k) contributions?
The match terms for the Ibew Local 480 Pension Plan have not been published from its filing yet. The plan year 2024 filing reports $5.5M in employer contributions, about $4,692 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the NECA-IBEW Local 480 Pension Plan Board of Trustees 401(k) match vested?
The vesting schedule for the Ibew Local 480 Pension Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the NECA-IBEW Local 480 Pension Plan Board of Trustees 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Ins Co of America. The plan administrator is Ms. Kim Wood American Benefit Corporation.
I left NECA-IBEW Local 480 Pension Plan Board of Trustees. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ms. Kim Wood American Benefit Corporation, (304) 525-0331) or the recordkeeper, Empower Annuity Ins Co of America. The NECA-IBEW Local 480 Pension Plan Board of Trustees old 401(k) page lists the contacts from every plan filing. Find an old NECA-IBEW Local 480 Pension Plan Board of Trustees 401(k)
Data from the public Form 5500 annual reports NECA-IBEW Local 480 Pension Plan Board of Trustees 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 NECA-IBEW Local 480 Pension Plan Board of Trustees. Not financial advice. Report a correction · Methodology