Ibew Local Union No. 99401(k)
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION NO. 99 ANNUITY PLAN · CRANSTON, RI · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Ibew Local Union No. 99 reported $561,393 in plan administrative expenses for 2023: 0.34% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,398 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 5 years on file its reported administrative ratio has held roughly steady near 0.34%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other finance & insurance employers. By assets it is the 27th-largest of 286 plans among Rhode Island employers on file, and the 633rd of 4,798 in finance & insurance. In 2023, the employer put in $4.46 for every $1.00 employees contributed themselves; active participation has grown from 1,020 to 1,244 since 2019.
Ibew Local Union No. 99's 2023 employer contribution ran above the $3,659 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 2023 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 056049537 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.