Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust 401(k) Plan: Login, Facts & Contact Information

Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust 401(k) Plan Facts

Plan name
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNIONS SAVINGS & SECURITY PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BOARD OF DIRECTORS OF THE IBEW LOCALS' SAVING & RETIREMENT GROUP TRUST
Participants
2,721 (348 active employees)
Former employees with a balance
1,165
Plan assets
$742,021,180 at Dec 31, 2024
Average account balance
$278,223 across 2,667 accounts
Employer contributions
$1,480,780 in plan year 2024 (3% of all contributions)
Recordkeeper
Newport Trust Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1979
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 10, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $52.7 million went into the plan in contributions, $1.48 million of it from the employer (3%).
  • $72.7 million was paid out to participants.
  • Investment and other income added $68.3 million.
  • Administrative expenses were $3.53 million, about $1,324 per account.

How the Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20193,373$655.1 million$1.47 million$66.6 million
20203,284$747.1 million$1.44 million$55.8 million
20213,334$865.1 million$1.40 million$73.0 million
20223,044$675.6 million$1.21 million$159.3 million
20232,859$697.9 million$1.50 million$84.6 million
20242,721$742.0 million$1.48 million$72.7 million

Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust 401(k) Contact Information

Phone
914-591-9200
Mailing address
ONE BRIDGE STREET SUITE 70, IRVINGTON NY 10533
Plan sponsor
BOARD OF DIRECTORS OF THE IBEW LOCALS' SAVING & RETIREMENT GROUP TRUST
Plan administrator
PLANMEMBER SERVICES CORPORATION
Employer identification number (EIN)
27-1722149
Plan number
023

Questions about the Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust 401(k)

Does Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.48 million, 3% of all contributions.

Does the Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust 401(k) plan?

2,721 participants at the start of plan year 2024, 348 of them active employees, and 1,165 former employees who still had money in the plan.

What is the average 401(k) balance at Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust?

About $278,223 per account: $742.0 million in plan assets across 2,667 accounts with a balance at the end of plan year 2024.

Who manages the Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust 401(k) accounts?

Newport (an Ascensus company) (listed on the filing as NEWPORT TRUST COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Board Of Directors Of The Ibew Locals' Saving & Retirement Group Trust. How do I access my 401(k)?

Your account stays with Newport (an Ascensus company) after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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