Trustees of I.B.E.W Local 697 Defined Contribution PlanMoney purchase plan
IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN · MERRILLVILLE, IN · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Trustees of I.B.E.W Local 697 Defined Contribution Plan reported $583,956 in plan administrative expenses for 2024: 0.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $15,027 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 0.142%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 39th-largest of 1,562 plans among Indiana employers on file, and the 165th of 5,337 in construction. In 2024, the employer put in $1445.79 for every $1.00 employees contributed themselves.
Trustees of I.B.E.W Local 697 Defined Contribution Plan's 2024 employer contribution ran above the $4,294 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.
This plan has changed recordkeepers within these filings. If you left Trustees of I.B.E.W Local 697 Defined Contribution Plan 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 351773526 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.