Ibew Local Union No. 60401(k)
IBEW LOCAL UNION NO. 60 401(K) PLAN · SAN ANTONIO, TX · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Ibew Local Union No. 60 reported $479,133 in plan administrative expenses for 2024: 0.75% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,750 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 0.75%. 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 826th-largest of 5,688 plans among Texas employers on file, and the 813th of 5,337 in construction. In 2024, the employer put in $2.45 for every $1.00 employees contributed themselves; active participation has grown from 2,506 to 4,460 since 2022.
Ibew Local Union No. 60's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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.
This plan has changed recordkeepers within these filings. If you left Ibew Local Union No. 60 before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 316632806 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.