I.b.e.w. Local No. 540 Security 401(k) Plan: Login, Facts & Contact Information

I.b.e.w. Local No. 540 Security 401(k) Plan Facts

Plan name
I.B.E.W. LOCAL 540 SECURITY PLAN
Plan type
401(k) and profit sharing
Plan sponsor
I.B.E.W. LOCAL NO. 540 SECURITY
Participants
987 (889 active employees)
Former employees with a balance
0
Plan assets
$89,683,050 at Dec 31, 2024
Average account balance
$93,129 across 963 accounts
Employer contributions
$4,206,711 in plan year 2024 (78% of all contributions)
Recordkeeper
Empower
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jun 1, 1999
— 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 8, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $5.38 million went into the plan in contributions, $4.21 million of it from the employer (78%).
  • $4.41 million was paid out to participants.
  • Investment and other income added $13.1 million.
  • Administrative expenses were $321,596, about $334 per account.

How the I.b.e.w. Local No. 540 Security 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019635$50.7 million$2.95 million$1.64 million
2020656$61.5 million$3.04 million$2.44 million
2021694$74.3 million$3.43 million$1.90 million
2022777$63.2 million$3.93 million$1.95 million
2023885$75.9 million$4.02 million$4.97 million
2024987$89.7 million$4.21 million$4.41 million

I.b.e.w. Local No. 540 Security 401(k) Contact Information

Phone
330-758-3456
Mailing address
3660 STUTZ DRIVE, SUITE 101, CANFIELD OH 44406
Plan sponsor
I.B.E.W. LOCAL NO. 540 SECURITY
Employer identification number (EIN)
34-0225473
Plan number
003

Questions about the I.b.e.w. Local No. 540 Security 401(k)

Does I.b.e.w. Local No. 540 Security contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $4.21 million in employer contributions for plan year 2024.

Does the I.b.e.w. Local No. 540 Security 401(k) have automatic enrollment?

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

How many people are in the I.b.e.w. Local No. 540 Security 401(k) plan?

987 participants at the start of plan year 2024, 889 of them active employees.

What is the average 401(k) balance at I.b.e.w. Local No. 540 Security?

About $93,129 per account: $89.7 million in plan assets across 963 accounts with a balance at the end of plan year 2024.

Who manages the I.b.e.w. Local No. 540 Security 401(k) accounts?

Empower is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at I.b.e.w. Local No. 540 Security. How do I access my 401(k)?

Your account stays with Empower 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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