Plan Ledger DOL Form 5500 · updated monthly

International Brotherhood of Electrical Workers401(k)

IBEW EMPLOYEES' 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

International Brotherhood of Electrical Workers reported $102,491 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $1,037 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 2 years on file its reported administrative ratio fell from 0.08% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 72nd-largest of 618 plans among District of Columbia employers on file, and the 116th of 3,341 in other services. In 2024, employees put in $7.62 for every $1.00 the employer contributed; active participation has grown from 976 to 1,123 since 2022.

Plan summary
Net assets, end of year$154,286,081
Participants with balances1,086
Active participants1,123
Employer contributions$1,164,616
Employee contributions$8,868,861
Employer contribution per active participant$1,037
Average account balance$142,068
Benefits paid to participants$16,179,184
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$154.3M · 1,086 accts · $1.2M emplr
2023$140.6M · 1,083 accts · $1.1M emplr
2022$120.0M · 683 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,921
Audit (IQPA)$43,420
Total administrative$102,491
The International Brotherhood of Electrical Workers 401(k) match · 2024
Employer contribution per active participant$1,037
Median for plans this size$3,635
2024$1,037 per active participant
2023$1,515 per active participant
2022$1,046 per active participant

International Brotherhood of Electrical Workers'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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$58,921
WITHUMSMITH+BROWN, PC · Accounting / audit$43,420

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left International Brotherhood of Electrical Workers 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).

Administrative cost history3
2024$102,491 · 0.07%
2023$114,637 · 0.09%
2022$108,598 · 0.08%
Same employer
Similar plansOther Services · District of Columbia
Investment Company Institute DC$165.2M · 0.02%
American Petroleum Institute DC$138.5M · 0.12%
World Resources Institute DC$126.8M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 530088380 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.