Ibew Local Union No. 22/NECA Joint Board of TrusteesMoney purchase plan
IBEW LOCAL UNION NO. 22/NECA DEFINED CONTRIBUTION PENSION FUND, PLAN B · OMAHA, NE · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Ibew Local Union No. 22/NECA Joint Board of Trustees reported $472,393 in plan administrative expenses for 2024: 0.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,268 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 0.14%. 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 26th-largest of 565 plans among Nebraska employers on file, and the 202nd of 5,337 in construction.
Ibew Local Union No. 22/NECA Joint Board of Trustees's 2024 employer contribution ran above the $4,294 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.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 476061061 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.