Plan Ledger DOL Form 5500 · updated monthly

Trustees of Ibew Local Union NO.126 Retirement Plan401(k)

IBEW LOCAL UNION NO. 126 RETIREMENT PLAN · COLLEGEVILLE, PA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Trustees of Ibew Local Union NO.126 Retirement Plan reported $1,180,592 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $13,286 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 0.15% to 0.12%. 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 73rd-largest of 3,651 plans among Pennsylvania employers on file, and the 56th of 5,337 in construction. In 2024, the employer put in $45.55 for every $1.00 employees contributed themselves; active participation has grown from 3,465 to 6,529 since 2022.

Plan summary
Net assets, end of year$1,039,299,833
Participants with balances6,762
Active participants6,529
Employer contributions$86,744,351
Employee contributions$1,904,226
Employer contribution per active participant$13,286
Average account balance$153,697
Benefits paid to participants$40,129,576
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.0B · 6,762 accts · $86.7M emplr
2023$874.6M · 6,369 accts · $76.3M emplr
2022$728.3M · 6,319 accts · $72.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,706
Investment management$781,926
Audit (IQPA)$31,852
Trustee / custodial$351
Total administrative$1,180,592
The Trustees of Ibew Local Union NO.126 Retirement Plan 401(k) match · 2024
Employer contribution per active participant$13,286
Median for plans this size$4,294
2024$13,286 per active participant
2023$12,357 per active participant
2022$20,864 per active participant

Trustees of Ibew Local Union NO.126 Retirement 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.

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 · 20247
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$761,826
BRIDGEWAY BENEFIT TECHNOLOGIES · Recordkeeping$19,942
IBEW LOCAL UNION NO. 126 · Plan administrator$234,085
NOVAK FRANCELLA, LLC · Accounting / audit$42,558
FOX ROTHSCHILD, LLP · Legal$36,655
MORGAN STANLEY GRAYSTONE · Investment management$20,000
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024BRIDGEWAY BENEFIT TECHNOLOGIES, Transamerica
2023BRIDGEWAY BENEFIT TECHNOLOGIES, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,180,592 · 0.12%
2023$1,051,872 · 0.13%
2022$1,004,540 · 0.15%
Similar plansConstruction · Pennsylvania
Toll Bros., Inc. PA$727.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232156093 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.