Ibew Local No. 347 & Iowa Chapter of Neca, Joint Board of Trustees401(k)

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

Ibew Local No. 347 & Iowa Chapter of Neca, Joint Board of Trustees reported $722,725 in plan administrative expenses for 2024: 0.18% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,771 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 0.18%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 77th-largest of 2,619 plans among Michigan employers on file, and the 166th of 5,337 in construction. In 2024, the employer put in $10.35 for every $1.00 employees contributed themselves; active participation has grown from 2,865 to 3,410 since 2022.