Indiana › Construction › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jun 2024 to 31 May 2025
IBEW Local Union 668 Employees Pension Plan
Sponsored by IBEW Local Union 668, Lafayette, IN
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.
IBEW Local Union 668 of Lafayette, Indiana sponsors IBEW Local Union 668 Employees Pension Plan, a money purchase plan. Its Form 5500 for the plan year ending 31 May 2025 shows 1,321 participants (1,317 active) and $96.0M in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $72,649 per participant, well above the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well above the $54,962 median for defined contribution plans in construction. 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 $4.2M during the year, or $3,157 per active participant against a same-size median of $2,045; participants contributed —. Benefits paid out totalled $4.1M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $179K: $135 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $189K. 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 $17.1M in 2009 to $96.0M in 2024 (up 460%), and participants from 1,347 to 1,321 (down 2%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $72,649 | $50,295 | $54,962 | $53,102 |
| Employer contributions per active participant | $3,157 | $2,045 | $2,728 | $2,175 |
| Schedule C compensation per participant | $135 | $82.08 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.19% | 0.17% | 0.33% | 0.26% |
| Administrative expenses per participant | $143 | $82.20 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), construction (4,204) 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 |
|---|---|---|---|---|---|---|
| 2024 | 1,321 | $96.0M | $72,650 | $4.2M | — | $179K |
| 2023 | 1,261 | $85.3M | $67,672 | $5.0M | — | $174K |
| 2022 | 1,163 | $69.0M | $59,290 | $4.6M | — | $155K |
| 2021 | 583 | $68.5M | $117,564 | $3.8M | — | $103K |
| 2020 | 529 | $73.7M | $139,253 | $2.7M | — | $90K |
| 2019 | 494 | $55.3M | $112,016 | $2.8M | — | $43K |
| 2018 | 485 | $48.2M | $99,388 | $2.3M | — | $57K |
| 2017 | 482 | $45.9M | $95,303 | $2.2M | — | $46K |
| 2016 | 490 | $40.6M | $82,959 | $2.1M | — | $48K |
| 2015 | 482 | $34.8M | $72,137 | $2.8M | — | $45K |
| 2014 | 449 | $34.0M | $75,746 | $2.2M | — | $49K |
| 2013 | 442 | $30.4M | $68,686 | $1.9M | — | $39K |
| 2012 | 439 | $25.9M | $59,025 | $1.8M | — | $36K |
| 2011 | 1,375 | $21.8M | $15,863 | $1.9M | — | $35K |
| 2010 | 1,363 | $21.0M | $15,383 | $1.7M | — | $35K |
| 2009 | 1,347 | $17.1M | $12,712 | $1.6M | — | $37K |
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$85,333,833
- Employer contributions$4,157,122
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$4,157,122
- Total income, including investment results$14,894,349
- Benefits paid$4,069,515
- Administrative expenses$189,080
- Total expenses$4,258,595
- Net income$10,635,754
- Net transfers$0
- Net assets, end of year$95,969,587
Participants
- Active participants1,317
- Retired or separated, receiving benefits2
- Retired or separated, entitled to future benefits0
- Participants with account balances1,292
- Total participants, end of year1,321
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| John Hancock Retirement Services | Custodial (securities) | $110,421 | $0 |
| Umr, Inc. | Plan Administrator | $23,400 | $0 |
| Mariner Institutional, LLC | Investment management | $17,500 | $0 |
| L.M. Henderson & Company, LLC | Accounting (including auditing) | $14,600 | $0 |
| The Thompson Group | Insurance services | $6,586 | $0 |
| Johnson & Krol, LLC | Legal | $6,297 | $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$127,921
- Contract administrator fees$23,400
- IQPA audit fees$14,600
- Other administrative expenses$10,044
- Other trustee fees and expenses$6,317
- Legal fees$6,297
- Trustee and custodial fees$501
- Total administrative expenses$189,080
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.
- Registered investment companies (mutual funds)$90.9M · 94.7%
- Cash (interest and non-interest bearing)$3.6M · 3.8%
- Common/collective trusts$1.0M · 1.1%
- Receivables$414K · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmL.M. Henderson & Company, LLP
- 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
2AAge/service weighted or new comparability or similar plan2CMoney purchase (other than target benefit) plan2FERISA section 404(c) plan2GTotal participant-directed account plan2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238210: Electrical Contractors.
Similar plans in Indiana
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Teamsters Union Local No. 142 Annuity Fund | Board of Trustees of Teamsters Union Local NO.142 Annuity Fund | 1,391 | $55.2M | $39,697 |
| Traylor Construction Group 401(k) Plan | Traylor Bros., Inc. | 1,245 | $83.8M | $67,326 |
| Indiana Pipe Trades Defined Contribution Pension Plan | BD of Trustees - Indiana Pipe Trades DFND Cont Pension Plan | 1,464 | $91.8M | $62,710 |
| Infrastructure Prosperity Group Employee Stock Ownership and Deferred Compensation Plan | Rieth-Riley Construction Co., Inc. | 1,189 | $859M | $722,353 |
| Deem/csc/gbi 401(k) Plan | Deem, LLC | 1,505 | $71.6M | $47,576 |
| Operating Engineers Local 112 Defined Contribution Pension Plan | Board of Trustees Operating Engineers 112 Defined Contribution Pension | 1,131 | $60.2M | $53,267 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is IBEW Local Union 668 Employees Pension Plan?
1,321 participants at the end of the plan year ending 31 May 2025, of whom 1,317 were active employees, with net assets of $95,969,587. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does IBEW Local Union 668 contribute per participant?
The filing reports $4,157,122 in employer contributions for the year, which is $3,157 per active participant; the median for plans of the same type and size was $2,045 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 $178,804 in compensation to service provider organisations, $135 per participant or 0.19% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $189,080. 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 IBEW Local Union 668. Recordkeeping or administration: Umr, Inc.. Investment advisory or management: Mariner Institutional, LLC. Trustee or custodian: John Hancock Retirement Services. The financial statements were audited by L.M. Henderson & Company, LLP. 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 Jun 2024 to 31 May 2025, received by the Department of Labor on 6 Mar 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 31-1252733, plan 002, received 6 Mar 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.