Ibew Local 38 401(K) Retirement Plan401(k)

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

Ibew Local 38 401(K) Retirement Plan reported $574,233 in plan administrative expenses for 2024: 0.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,784 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 0.39% to 0.37%. 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 251st-largest of 3,295 plans among Ohio employers on file, and the 400th of 5,337 in construction. In 2024, the employer put in $1.12 for every $1.00 employees contributed themselves; active participation has grown from 1,695 to 2,194 since 2022.