Board Of Trustees, Ibew Local 405 Deferred Savings Plan 401(k) Plan: Login, Facts & Contact Information

Board Of Trustees, Ibew Local 405 Deferred Savings Plan 401(k) Plan Facts

Plan name
IBEW LOCAL 405 DEFERRED SAVINGS PLAN
Plan type
401(k) and profit sharing
Plan sponsor
BOARD OF TRUSTEES, IBEW LOCAL 405 DEFERRED SAVINGS PLAN
Participants
995 (886 active employees)
Former employees with a balance
127
Plan assets
$262,584,465 at Dec 31, 2024
Average account balance
$248,660 across 1,056 accounts
Employer contributions
$12,398,010 in plan year 2024 (92% of all contributions)
Recordkeeper
Milliman, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1992
— 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 1, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $13.5 million went into the plan in contributions, $12.4 million of it from the employer (92%).
  • $12.8 million was paid out to participants.
  • Investment and other income added $27.6 million.
  • Administrative expenses were $323,014, about $306 per account.

How the Board Of Trustees, Ibew Local 405 Deferred Savings Plan 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,176$182.2 million$8.96 million$6.85 million
2020890$208.9 million$8.73 million$10.8 million
2021899$239.6 million$9.38 million$11.8 million
2022879$196.9 million$10.1 million$10.1 million
2023935$234.7 million$11.0 million$9.48 million
2024995$262.6 million$12.4 million$12.8 million

Board Of Trustees, Ibew Local 405 Deferred Savings Plan 401(k) Contact Information

Phone
319-398-3283
Mailing address
424 FIRST AVENUE NE, CEDAR RAPIDS IA 524011400
Plan sponsor
BOARD OF TRUSTEES, IBEW LOCAL 405 DEFERRED SAVINGS PLAN
Employer identification number (EIN)
42-1494475
Plan number
001

Questions about the Board Of Trustees, Ibew Local 405 Deferred Savings Plan 401(k)

Does Board Of Trustees, Ibew Local 405 Deferred Savings Plan contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $12.4 million in employer contributions for plan year 2024.

Does the Board Of Trustees, Ibew Local 405 Deferred Savings Plan 401(k) have automatic enrollment?

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

How many people are in the Board Of Trustees, Ibew Local 405 Deferred Savings Plan 401(k) plan?

995 participants at the start of plan year 2024, 886 of them active employees, and 127 former employees who still had money in the plan.

What is the average 401(k) balance at Board Of Trustees, Ibew Local 405 Deferred Savings Plan?

About $248,660 per account: $262.6 million in plan assets across 1,056 accounts with a balance at the end of plan year 2024.

Who manages the Board Of Trustees, Ibew Local 405 Deferred Savings Plan 401(k) accounts?

Milliman (listed on the filing as MILLIMAN, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Board Of Trustees, Ibew Local 405 Deferred Savings Plan. How do I access my 401(k)?

Your account stays with Milliman 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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