I.B.E.W. Local No. 540 Security401(k)
I.B.E.W. LOCAL 540 SECURITY PLAN · CANFIELD, OH · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
I.B.E.W. Local No. 540 Security reported $321,596 in plan administrative expenses for 2024: 0.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,732 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 2 years on file its reported administrative ratio fell from 0.58% to 0.39%. 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 406th-largest of 3,295 plans among Ohio employers on file, and the 673rd of 5,337 in construction. In 2024, the employer put in $3.58 for every $1.00 employees contributed themselves.
I.B.E.W. Local No. 540 Security'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.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 340225473 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.