Ibew Local Union 305 Pension Plan Board of Trustees401(k)
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 305 PENSION PLAN · FORT WAYNE, IN · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Ibew Local Union 305 Pension Plan Board of Trustees reported $214,570 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $7,159 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 0.227%. 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 153rd-largest of 1,562 plans among Indiana employers on file, and the 620th of 5,337 in construction. active participation has grown from 737 to 861 since 2022.
Ibew Local Union 305 Pension Plan Board of Trustees's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 350415460 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.