Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees 401(k) Plan: Login, Facts & Contact Information

Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees 401(k) Plan Facts

Plan name
IBEW LOCAL 347 RETIREMENT AND 401(K) PLAN
Plan type
401(k) and profit sharing
Plan sponsor
IBEW LOCAL NO. 347 & IOWA CHAPTER OF NECA, JOINT BOARD OF TRUSTEES
Participants
3,371 (3,410 active employees)
Former employees with a balance
84
Plan assets
$431,554,732 at May 31, 2025
Average account balance
$144,768 across 2,981 accounts
Employer contributions
$19,679,072 in plan year 2024 (84% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jun 1, 2024 – May 31, 2025
Plan established
May 1, 1974
— 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 (Jun 1, 2024 – May 31, 2025), filed Jan 21, 2026. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $23.6 million went into the plan in contributions, $19.7 million of it from the employer (84%).
  • $19.9 million was paid out to participants.
  • Investment and other income added $34.0 million.
  • Administrative expenses were $722,725, about $242 per account.

How the Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20192,161$255.0 million$13.7 million$9.23 million
20202,323$342.1 million$16.1 million$14.9 million
20212,564$324.2 million$17.1 million$12.6 million
20222,811$330.1 million$19.8 million$14.5 million
20232,959$394.6 million$20.6 million$18.1 million
20243,371$431.6 million$19.7 million$19.9 million

Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees 401(k) Contact Information

Phone
855-203-0350
Mailing address
5600 NEW KING DRIVE, SUITE 330, TROY MI 48098
Plan sponsor
IBEW LOCAL NO. 347 & IOWA CHAPTER OF NECA, JOINT BOARD OF TRUSTEES
Employer identification number (EIN)
45-4356227
Plan number
001

Questions about the Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees 401(k)

Does Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $19.7 million in employer contributions for plan year 2024.

Does the Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees 401(k) have automatic enrollment?

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

How many people are in the Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees 401(k) plan?

3,371 participants at the start of plan year 2024, 3,410 of them active employees, and 84 former employees who still had money in the plan.

What is the average 401(k) balance at Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees?

About $144,768 per account: $431.6 million in plan assets across 2,981 accounts with a balance at the end of plan year 2024.

Who manages the Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Ibew Local No. 347 & Iowa Chapter Of Neca, Joint Board Of Trustees. How do I access my 401(k)?

Your account stays with Principal 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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