Board of Trustees Ibew Local 56 Employees Deferred Savings PlanProfit-sharing plan
IBEW LOCAL 56 EMPLOYEES DEFERRED SAVINGS PLAN · ERIE, PA · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees Ibew Local 56 Employees Deferred Savings Plan reported $112,249 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $6,390 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 0.22%. 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 743rd-largest of 3,651 plans among Pennsylvania employers on file, and the 1,004th of 5,337 in construction.
Board of Trustees Ibew Local 56 Employees Deferred Savings Plan's 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 251409929 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.