401(k) · DOL Form 5500 · 2023

Board of Trustees, IBEW Local 405 Deferred Savings Plan 401(k) Plan

Data updated 2026-08-11

$235M
Total assets: 722
Participants: 95th
Percentile by assets: $325,037
Avg per participant

Official DOL plan name: IBEW Local 405 Deferred Savings Plan · Sponsored by Board of Trustees, IBEW Local 405 Deferred Savings Plan · Iowa · Construction

$235M in assets, 722 participants

Board of Trustees, IBEW Local 405 Deferred Savings Plan's IBEW Local 405 Deferred Savings Plan reported $235M in total assets and 722 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

95th percentile by assets (of 127,072 plans)
#8,530 in Construction (9,030 peers)

Where IBEW Local 405 Deferred Savings Plan sits by assets

IBEW Local 405 Deferred Savings Plan sits in the top 5% of all filed plans by assets, $235M for 722 participants (~$325,037/participant), up 19.2% in 2023.

$235M
total plan assets (2023 EOY): 722
covered participants: 95th
percentile by assets (of 127,072 plans): $325,037
avg assets per participant

Where IBEW Local 405 Deferred Savings Plan sits by total assets

IBEW Local 405 Deferred Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$234,676,353 Top 5% higher than 95% of 127,068 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

IBEW Local 405 Deferred Savings Plan reported net income rose from -$43M in the plan year 2022 filing to $38M in the plan year 2023 filing.
IBEW Local 405 Deferred Savings Plan end-of-year assets rose from $197M in the plan year 2022 filing to $235M in the plan year 2023 filing.
IBEW Local 405 Deferred Savings Plan reported participants rose from 668 in the plan year 2022 filing to 722 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Iowa

Industry

Construction

IBEW Local 405 Deferred Savings Plan vs the 2023 asset distribution

By assets, IBEW Local 405 Deferred Savings Plan outranks 95% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.4x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$197M
Net Assets (End of Year)	$234M
Net Income	$38M
Employer EIN	421494475
Plan Effective Date	1992-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees, IBEW Local 405 Deferred Savings Plan)

Total plan assets by year, all Board of Trustees, IBEW Local 405 Deferred Savings Plan plans on file

Year	Plans	Participants	Total Assets
2022	1	668	$197M
2023	1	722	$235M
2024	1	780	$263M

Nearby 401(k) Plans in Iowa

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

IBEW Local 405 Deferred Savings Plan vs. nearby 401(k) plans in Iowa, assets vs. participants

The Principal Select Savings Plan $4.1B · 12,827
Iowa Health System Section 401(k) Retirement Savings Plan $3.0B · 28,959
The Hy-Vee and Affiliates 401(k) Plan $2.9B · 56,181
The Rsm US LLP Retirement Plan $2.9B · 14,720
Transamerica 401(k) Retirement Savings Plan $2.4B · 6,999

Compare IBEW Local 405 Deferred Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to IBEW Local 405 Deferred Savings Plan by total assets, not by location.

Allegro Microsystems, LLC Employees' Retirement Savings Plan (NH) $235M · 651
Raymours Furniture Company, Inc. 401(k) and Profit Sharing Plan (NY) $235M · 5,647
Am/Ns Calvert LLC 401(k) Plan (AL) $235M · 1,940
Alphastaff Retirement Savings Plan (FL) $235M · 8,025

Frequently Asked Questions

How did IBEW Local 405 Deferred Savings Plan assets move in 2023? ▼

IBEW Local 405 Deferred Savings Plan grew sharply - up 19.2% during 2023, from $197M to $235M. Reported net income was $38M.

How have Board of Trustees, IBEW Local 405 Deferred Savings Plan plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees, IBEW Local 405 Deferred Savings Plan's sponsor-wide assets grew 33.4%, from $197M to $263M.

Where does IBEW Local 405 Deferred Savings Plan rank by assets among Form 5500 filers? ▼

IBEW Local 405 Deferred Savings Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to IBEW Local 405 Deferred Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Allegro Microsystems, LLC Employees' Retirement Savings Plan in NH ($235M, 651 participants).

Next read for IBEW Local 405 Deferred Savings Plan

Scale reading

Ways to act on IBEW Local 405 Deferred Savings Plan's numbers.

By total assets, IBEW Local 405 Deferred Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Iowa. Compare plans
Board of Trustees, IBEW Local 405 Deferred Savings Plan's sponsor-wide assets have grown 33.4% since 2022 across 3 plan years on file. More Construction plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 421494475.