Local Union 98 I.B.E.W. - Trustees Profit Sharing PlanProfit-sharing plan
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 98 - PROFIT SHARING PLAN · PHILADELPHIA, PA · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan reported $734,159 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $17,712 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 0.07% to 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other construction employers. By assets it is the 59th-largest of 3,651 plans among Pennsylvania employers on file, and the 48th of 5,337 in construction.
Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan's 2024 employer contribution ran above the $5,259 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 232289872 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.