Ibew Local 38 401(k) Retirement Plan 401(k) Plan: Login, Facts & Contact Information

Ibew Local 38 401(k) Retirement Plan 401(k) Plan Facts

Plan name
IBEW LOCAL 38 401(K) RETIREMENT PLAN
Plan type
401(k)
Plan sponsor
IBEW LOCAL 38 401(K) RETIREMENT PLAN
Participants
2,148 (2,194 active employees)
Former employees with a balance
81
Plan assets
$168,327,698 at Dec 31, 2024
Average account balance
$71,629 across 2,350 accounts
Employer contributions
$8,301,998 in plan year 2024 (53% of all contributions)
Recordkeeper
Transamerica Retirement Solutions
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
May 1, 1989
— 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 9, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $15.7 million went into the plan in contributions, $8.30 million of it from the employer (53%).
  • $9.84 million was paid out to participants.
  • Investment and other income added $16.6 million.
  • Administrative expenses were $574,233, about $244 per account.

How the Ibew Local 38 401(k) Retirement Plan 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20192,317$123.0 million—$5.52 million
20202,244$131.9 million$1.31 million$8.28 million
20212,265$144.1 million$3.01 million$9.12 million
20222,095$127.7 million$4.67 million$8.78 million
20232,121$146.5 million$6.03 million$10.6 million
20242,148$168.3 million$8.30 million$9.84 million

Ibew Local 38 401(k) Retirement Plan 401(k) Contact Information

Phone
216-431-7738
Mailing address
3250 EUCLID AVENUE, ROOM 270, CLEVELAND OH 44115
Plan sponsor
IBEW LOCAL 38 401(K) RETIREMENT PLAN
Employer identification number (EIN)
34-1619944
Plan number
001

Questions about the Ibew Local 38 401(k) Retirement Plan 401(k)

Does Ibew Local 38 401(k) Retirement Plan contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $8.30 million in employer contributions for plan year 2024.

Does the Ibew Local 38 401(k) Retirement Plan 401(k) have automatic enrollment?

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

How many people are in the Ibew Local 38 401(k) Retirement Plan 401(k) plan?

2,148 participants at the start of plan year 2024, 2,194 of them active employees, and 81 former employees who still had money in the plan.

What is the average 401(k) balance at Ibew Local 38 401(k) Retirement Plan?

About $71,629 per account: $168.3 million in plan assets across 2,350 accounts with a balance at the end of plan year 2024.

Who manages the Ibew Local 38 401(k) Retirement Plan 401(k) accounts?

Transamerica (listed on the filing as TRANSAMERICA RETIREMENT SOLUTIONS) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Ibew Local 38 401(k) Retirement Plan. How do I access my 401(k)?

Your account stays with Transamerica 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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