401(k) · DOL Form 5500 · 2022

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
1,135
Participants Near avg headcount
81st
Percentile by assets National rank
$23,467
Avg per participant Low balance/head
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Official DOL plan name: IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund · Sponsored by IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees · Ohio · Construction

$27M in assets, 1,135 participants

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees's IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund reported $27M in total assets and 1,135 participants in its 2022 DOL Form 5500 filing, ranking in the 81st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,977 in Construction (9,927 peers)

Where IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund sits by assets

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund sits in the top quartile of all filed plans by assets, $27M for 1,135 participants (~$23,467/participant), down 13.4% in 2022.

#7,977
in Construction (9,927 peers)
-13.4%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund's outsized position by total assets

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$26,635,100 Top 19% higher than 81% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund lands in the large band (1,135 participants).

EBSA filing schedule strip

Filing strip 311516748 · IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees PY 2022 · 401(k)

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund · $27M · 1,135 · 81st

  • 5500 $27M
  • 5500 1,135
  • 5500 81st
  • 5500 401(k)
  • 5500 near One Spa World 401(k) Savings Plan I
  • 5500 ind #7977

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Ohio →

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund in the asset neighbourhood

IBEW Local Union 306 401 (K) Wage Reduction Retirement FundIBEW Local Union 306 401 (K)…$27MOne Spa World 401(k) Savings Plan IOne Spa World 401(k) Savings…$27MRcnd Profit Sharing & 401(k) PlanRcnd Profit Sharing & 401(k)…$27MUniversity Mechanical Contractors, Inc. 401(k) Profit Sharing PlanUniversity Mechanical Contra…$27MApplied Composites Retirement PlanApplied Composites Retiremen…$27M
End-of-year total assets ($M) among IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$27M
Net Income-$4M
Employer EIN311516748
Plan Effective Date1997-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees)

Sponsor-wide plan assets over time

All IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$35M 30.731249366437517% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $26.6M $34.8M ▲ +30.7%
Year Plans Participants Total Assets
2022 1 1,135 $27M
2023 1 345 $30M
2024 1 349 $35M

Nearby 401(k) Plans in Ohio

Peer 401(k) plans, same state, same plan type, ranked by total assets.

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20246810 Total assets ($B) Participants IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund, Total assets ($B): 0.0266351 · Participants: 1135IBEW Local Union 306 401 (K) Wage Reduction Retirement FundThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 8.343834208 · Participants: 44890The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 7.60950811 · Participants: 50299The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 7.311555 · Participants: 116133The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 6.73672335 · Participants: 24278Nationwide Savings PlanMarathon Petroleum Thrift Plan, Total assets ($B): 6.371480588 · Participants: 17666Marathon Petroleum Thrift Plan
IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund side-by-side with 3 peers →

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is One Spa World 401(k) Savings Plan I in FL ($27M); by covered participants it is Coronado Coal LLC 401(k) Profit Sharing Plan in WV (1,135 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,135 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund assets move in 2022? ▼
IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund pulled back noticeably - down 13.4% during 2022, from $31M to $27M. Reported net income was -$4M.
How have IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees's sponsor-wide assets grew 30.7%, from $27M to $35M.
Where does IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund rank by assets among Form 5500 filers? ▼
IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund ranks in the 81st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund? ▼
Among 401(k) plans in other states, the closest by assets is One Spa World 401(k) Savings Plan I in FL ($27M, 520 participants).
Which 401(k) plans cover a similar participant headcount to IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund? ▼
Among 401(k) plans in other states, the closest by covered participants is Coronado Coal LLC 401(k) Profit Sharing Plan in WV (1,135 participants, $47M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 311516748.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.