Local Union No. 3, Ibew, Afl-Cio401(k)
THE OFFICIALS, BUSINESS REPRESENTATIVES OFFICE & CLERICAL EMPLOYEES OF LOCAL UNION NO. 3, IBEW, AFL-CIO 401(K) PLAN · FLUSHING, NY · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Local Union No. 3, Ibew, Afl-Cio reported $21,019 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $15,344 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 0.075% to 0.069%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,888th-largest of 5,648 plans among New York employers on file, and the 687th of 3,341 in other services. In 2024, the employer put in $1.43 for every $1.00 employees contributed themselves.
Local Union No. 3, Ibew, Afl-Cio's 2024 employer contribution ran above the $2,416 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 135574127 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.