Trustees Electrical Workers Local 242 401(k) Plan 401(k) Plan: Login, Facts & Contact Information

Trustees Electrical Workers Local 242 401(k) Plan 401(k) Plan Facts

Plan name
ELECTRICAL WORKERS LOCAL 242 401(K) PLAN
Plan type
401(k)
Plan sponsor
TRUSTEES ELECTRICAL WORKERS LOCAL 242 401(K) PLAN
Participants
626 (520 active employees)
Former employees with a balance
103
Plan assets
$27,988,593 at Dec 31, 2024
Average account balance
$44,216 across 633 accounts
Recordkeeper
Milliman, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2000
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 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.85 million went into the plan in contributions.
  • $838,608 was paid out to participants.
  • Investment and other income added $3.33 million.
  • Administrative expenses were $66,712, about $105 per account.

How the Trustees Electrical Workers Local 242 401(k) Plan 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019441$15.0 million$371,213
2020434$18.1 million$574,232
2021481$22.2 million$601,895
2022558$19.6 million$616,285
2023593$23.7 million$1.05 million
2024626$28.0 million$838,608

Trustees Electrical Workers Local 242 401(k) Plan 401(k) Contact Information

Phone
218-728-4231
Mailing address
2002 LONDON ROAD, ROOM 300, DULUTH MN 558122152
Plan sponsor
TRUSTEES ELECTRICAL WORKERS LOCAL 242 401(K) PLAN
Employer identification number (EIN)
41-1972744
Plan number
004

Questions about the Trustees Electrical Workers Local 242 401(k) Plan 401(k)

Does Trustees Electrical Workers Local 242 401(k) Plan contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500.

Does the Trustees Electrical Workers Local 242 401(k) Plan 401(k) have automatic enrollment?

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

How many people are in the Trustees Electrical Workers Local 242 401(k) Plan 401(k) plan?

626 participants at the start of plan year 2024, 520 of them active employees, and 103 former employees who still had money in the plan.

What is the average 401(k) balance at Trustees Electrical Workers Local 242 401(k) Plan?

About $44,216 per account: $28.0 million in plan assets across 633 accounts with a balance at the end of plan year 2024.

Who manages the Trustees Electrical Workers Local 242 401(k) 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 Trustees Electrical Workers Local 242 401(k) 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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