Board of Trustees, Ibew Local 405 Deferred Savings Plan401(k)

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Board of Trustees, Ibew Local 405 Deferred Savings Plan reported $323,014 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $13,993 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.130%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 42nd-largest of 878 plans among Iowa employers on file, and the 254th of 5,337 in construction. In 2024, the employer put in $10.80 for every $1.00 employees contributed themselves; active participation has grown from 722 to 886 since 2022.