Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

I.B.E.W LOCAL UNION NO. 124

This Profit Sharing plan holds $118M in total assets and serves 3,032 participants as of 2022. It is sponsored by I.B.E.W LOCAL UNION NO. 124 in Missouri. The plan reported a net loss of $23M for the year.

Total Assets (2023)
$118M
Participants
3,032
State
Industry
Construction

What the Filing Says About I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN

I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN is a Profit Sharing retirement plan sponsored by I.B.E.W LOCAL UNION NO. 124, headquartered in Missouri. As of the 2022 Form 5500 filing, the plan reports $118M in total end-of-year assets and covers 3,032 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 431269910, and the plan has been effective since 1988-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $141M at the beginning of 2022 to $118M at year-end — a decline of 16.2%. Net assets (after liabilities) closed the year at $118M, with reported net income of $-22,929,549 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$141M
Total Assets (End of Year)$118M
Net Assets (End of Year)$118M
Net Income$-22,929,549
Plan TypeProfit Sharing
Employer EIN431269910
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (I.B.E.W LOCAL UNION NO. 124)

Year Plans Participants Total Assets
2022 2 6,282 $446M
2023 2 5,500 $536M
2024 2 6,437 $604M

Nearby Profit Sharing Plans in Missouri

Peer Profit Sharing plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN?
As of the 2022 Form 5500 filing, I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN holds $118M in total assets with 3,032 participants. It is sponsored by I.B.E.W LOCAL UNION NO. 124.
What type of plan is I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN?
I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN is a Profit Sharing plan. It has been effective since 1988-01-01. The plan is filed with the U.S. Department of Labor under EIN 431269910.
Who sponsors the I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN?
I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN is sponsored by I.B.E.W LOCAL UNION NO. 124, located in Missouri. The sponsor's EIN is 431269910 and the plan operates in the Construction industry.
How did I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN perform in 2022?
I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN declined by 16.2% during 2022, moving from $141M to $118M in total assets. Net income was $-22,929,549.
Where can I find official filings for I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN?
Official Form 5500 filings for I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 431269910 or plan name at efast.dol.gov.
How does I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN compare to other plans?
You can compare I. B. E. W. LOCAL UNION NO. 124 401(K) PLAN against other Profit Sharing plans on the plan type page, or view plans in Missouri on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 431269910.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.