West Virginia › Other services › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Int Brotherhood of Electrical Workers Local 141 Profit Sharing Plan
Sponsored by Board of Trustees for the IBEW 141 Profit Sharing Plan, Wheeling, WV
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Int Brotherhood of Electrical Workers Local 141 Profit Sharing Plan is a profit-sharing plan sponsored by Board of Trustees for the IBEW 141 Profit Sharing Plan of Wheeling, West Virginia. For the plan year ending 31 Dec 2025 it reported 565 participants, 372 of them active, and net assets of $126M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $209,292 per participant in plan year 2024, well above the $46,267 median for defined contribution plans with 500 to 999 participants and well above the $40,686 median for defined contribution plans in other services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $5.0M during the year, or $13,326 per active participant against a same-size median of $1,934; participants contributed —. Benefits paid out totalled $6.9M.
Schedule C lists 9 service provider organisations paid $5,000 or more, with reported compensation of $940K: $1,663 per participant, well above the same-size median of $113. Administrative expenses charged to the plan were $956K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $39.7M in 2009 to $126M in 2025 (up 219%), and participants from 543 to 565 (up 4%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $209,292 | $46,267 | $40,686 | $53,102 |
| Employer contributions per active participant | $18,108 | $1,934 | $2,024 | $2,175 |
| Schedule C compensation per participant | $1,611 | $113 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.77% | 0.25% | 0.30% | 0.26% |
| Administrative expenses per participant | $1,641 | $109 | $99.73 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), other services (2,675) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 565 | $126M | $223,593 | $5.0M | — | $940K |
| 2024 | 542 | $113M | $209,292 | $4.2M | — | $873K |
| 2023 | 577 | $104M | $180,437 | $3.7M | — | $788K |
| 2022 | 520 | $93.3M | $179,371 | $3.8M | — | $781K |
| 2021 | 516 | $109M | $211,971 | $3.8M | — | $817K |
| 2020 | 602 | $96.6M | $160,420 | $4.0M | — | $604K |
| 2019 | 595 | $80.0M | $134,408 | $3.9M | — | $398K |
| 2018 | 652 | $68.1M | $104,494 | $4.3M | — | $354K |
| 2017 | 745 | $72.2M | $96,889 | $3.5M | — | $572K |
| 2016 | 745 | $67.7M | $90,809 | $2.9M | — | $364K |
| 2015 | 741 | $67.3M | $90,874 | $3.4M | — | $295K |
| 2014 | 700 | $65.8M | $94,041 | $3.1M | — | $252K |
| 2013 | 636 | $62.3M | $97,973 | $4.8M | — | $156K |
| 2012 | 577 | $49.5M | $85,733 | — | $2.9M | $182K |
| 2011 | 542 | $44.5M | $82,142 | — | $2.4M | $177K |
| 2010 | 550 | $44.2M | $80,387 | $1.5M | — | $191K |
| 2009 | 543 | $39.7M | $73,046 | $1.9M | — | $150K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$113,436,188
- Employer contributions$4,957,187
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$4,957,187
- Total income, including investment results$20,751,615
- Benefits paid$6,902,585
- Administrative expenses$955,624
- Total expenses$7,858,209
- Net income$12,893,406
- Net transfers$0
- Net assets, end of year$126,329,594
Participants
- Active participants372
- Retired or separated, receiving benefits65
- Retired or separated, entitled to future benefits114
- Participants with account balances550
- Total participants, end of year565
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| JP Morgan Investment Management | Trustee (directed) | $730,432 | $0 |
| American Benefit Corp. | Plan Administrator; Insurance services | $60,209 | $2,255 |
| Fifth Third Bank | Custodial (securities) | $27,322 | $0 |
| Benefit Solutions Inc. | Recordkeeping and information management | $26,906 | $0 |
| Macala & Piatt, LLC | Legal | $20,913 | $0 |
| Empower Annuity Insurance Company | Recordkeeping and information management | $19,260 | $950 |
| Kozicki Hughes Tickerhoof, PLLC | Accounting (including auditing) | $20,000 | $0 |
| Gallagher Fiduciary Advisors | Consulting (pension) | $17,500 | $0 |
| IBEW Local Union 141 | Other fees | $13,768 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$774,333
- Other administrative expenses$140,378
- Legal fees$20,913
- Other trustee fees and expenses$20,000
- Total administrative expenses$955,624
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$125M · 98.8%
- Cash (interest and non-interest bearing)$820K · 0.6%
- Receivables$684K · 0.5%
- Other investments$13K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmKozicki Hughes Tickerhoof, PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 813930: Labor Unions and Similar Labor Organizations.
Similar plans in West Virginia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Goodwill Industries of Kanawha Valley 401(k) Plan | Goodwill Industries of Kanawha Valley, Inc. | 625 | $2.5M | $3,979 |
| Nextgen 401(k) Plan | Nextgen Federal System, LLC | 399 | $18.0M | $45,132 |
| Mulberry's Independent Home Services, Inc. Employee Stock Ownership Plan | Mulberry's Independent Home Services, Inc. | 2,231 | $34.8M | $15,588 |
| Shenandoah Valley Medical System Inc. Retirement Plan | Shenandoah Valley Medical System Inc. | 385 | $16.2M | $41,953 |
| Altmeyer Funeral Homes, Inc. 401(k) Plan | Altmeyer Funeral Homes Inc. | 309 | $12.0M | $38,809 |
| Mountainheart Community Services, Inc. Profit Sharing Plan | Mountainheart Community Services, Inc. | 270 | $11.3M | $41,994 |
Defined contribution plans in other services closest in size.
Questions and answers
How big is Int Brotherhood of Electrical Workers Local 141 Profit Sharing Plan?
565 participants at the end of the plan year ending 31 Dec 2025, of whom 372 were active employees, with net assets of $126,329,594. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Board of Trustees for the IBEW 141 Profit Sharing Plan contribute per participant?
The filing reports $4,957,187 in employer contributions for the year, which is $13,326 per active participant; the median for plans of the same type and size was $1,934 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $939,515 in compensation to service provider organisations, $1,663 per participant or 0.74% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $955,624. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Board of Trustees for the IBEW 141 Profit Sharing Plan. Recordkeeping or administration: JP Morgan Investment Management, American Benefit Corp. and Benefit Solutions Inc.. Trustee or custodian: JP Morgan Investment Management and Fifth Third Bank. The financial statements were audited by Kozicki Hughes Tickerhoof, PLLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 30 Jul 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 20-5981161, plan 001, received 30 Jul 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.