Trustees of IBEW Local Union No. 126 Retirement Plan 401(k) match, vesting and fees
What Trustees of IBEW Local Union No. 126 Retirement Plan's 401(k) 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 | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Novak Francella, LLC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 84 defined-contribution plans in construction with 5,000 to 9,999 participants.
| Trustees of IBEW Local Union No. 126 Retirement Plan: employer contribution per participant | $12,828 | |
| Peer median | $2,724 |
| Trustees of IBEW Local Union No. 126 Retirement Plan: average balance | $153,697 | |
| Peer median | $57,731 |
| Trustees of IBEW Local Union No. 126 Retirement Plan: admin expenses ÷ assets | 0.12% | |
| 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 $603M at the end of plan year 2021 to $1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 6,762 | $1B | $86.7M | $12,828 | 0.12% | Not published | Form 5500 ↗ |
| 2023 | 6,369 | $875M | $76.3M | $11,984 | 0.13% | Not published | Form 5500 ↗ |
| 2022 | 6,319 | $728M | $72.3M | $11,441 | 0.15% | Not published | Form 5500 ↗ |
| 2021 | 6,007 | $603M | $64.3M | $10,699 | 0.15% | Not published | Form 5500 ↗ |
Common questions
Does Trustees of IBEW Local Union No. 126 Retirement Plan match 401(k) contributions?
The match terms for the Ibew Local Union No. 126 Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $86.7M in employer contributions, about $12,828 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Trustees of IBEW Local Union No. 126 Retirement Plan 401(k) match vested?
The vesting schedule for the Ibew Local Union No. 126 Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Trustees of IBEW Local Union No. 126 Retirement Plan 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Retirement Solutions. The plan administrator is Trustees of Ibew Local Union No. 126 Retirement Plan.
I left Trustees of IBEW Local Union No. 126 Retirement Plan. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Trustees of Ibew Local Union No. 126 Retirement Plan, (610) 489-1185) or the recordkeeper, Transamerica Retirement Solutions. The Trustees of IBEW Local Union No. 126 Retirement Plan old 401(k) page lists the contacts from every plan filing. Find an old Trustees of IBEW Local Union No. 126 Retirement Plan 401(k)
Data from the public Form 5500 annual reports Trustees of IBEW Local Union No. 126 Retirement Plan 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 Trustees of IBEW Local Union No. 126 Retirement Plan. Not financial advice. Report a correction · Methodology