401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$235M
Total assets Near avg plan size
722
Participants Near avg headcount
95th
Percentile by assets National rank
$325,037
Avg per participant High balance/head
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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.

  • #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.

#8,530
in Construction (9,030 peers)
+19.2%
assets growth YoY
2.4×
vs typical plan assets (national mean)

IBEW Local 405 Deferred Savings Plan's outsized position 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

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 2023

IBEW Local 405 Deferred Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. IBEW Local 405 Deferred Savings Plan sits mid-pack in the medium band (722 participants).

What changed between DOL Form 5500 filings

plan year 2022 → 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 →

Published 5500 schedule card

Filing strip 421494475 · Board of Trustees, IBEW Local 405 Deferred Savings Plan PY 2023 · 401(k)

IBEW Local 405 Deferred Savings Plan · $235M · 722 · 95th

  • PCT $235M
  • EIN 722
  • RANK 95th
  • PHOTO 401(k)
  • IND near Allegro Microsystems, LLC Employees' Retirement Savings Plan
  • EOY ind #8530

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 Iowa →

IBEW Local 405 Deferred Savings Plan in the asset neighbourhood

Alphastaff Retirement Savings PlanAlphastaff Retirement Saving…$235MAm/Ns Calvert LLC 401(k) Plan$235MIBEW Local 405 Deferred Savings PlanIBEW Local 405 Deferred Savi…$235MAllegro Microsystems, LLC Employees' Retirement Savings PlanAllegro Microsystems, LLC Em…$235MRaymours Furniture Company, Inc. 401(k) and Profit Sharing PlanRaymours Furniture Company, …$235M
End-of-year total assets ($M) among IBEW Local 405 Deferred Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$197M
Net Assets (End of Year)$234M
Net Income$38M
Employer EIN421494475
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All Board of Trustees, IBEW Local 405 Deferred Savings Plan plans reported in each filing year

Latest sponsor-wide plan assets
$263M 33.36359382983291% vs 2022
2024 filing year
$180M$200M$220M$240M$260M$280M 202220232024 $197M $263M ▲ +33.4%
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 Scatter plot of 6 data points. -200000200004000060000 012345 Total assets ($B) Participants IBEW Local 405 Deferred Savings Plan, Total assets ($B): 0.234676353 · Participants: 722IBEW Local 405 Deferred Savings PlanThe Principal Select Savings Plan, Total assets ($B): 4.134174305 · Participants: 12827The Principal Select Savings PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 2.955731563 · Participants: 28959Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 2.941182172 · Participants: 56181The Hy-Vee and Affiliates 401(k) PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 2.890404508 · Participants: 14720The Rsm US LLP Retirement PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.425600114 · Participants: 6999Transamerica 401(k) Retirement Savings Plan
IBEW Local 405 Deferred Savings Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare IBEW Local 405 Deferred Savings Plan side-by-side with 3 peers →

IBEW Local 405 Deferred Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Allegro Microsystems, LLC Employees' Retirement Savings Plan in NH ($235M); by covered participants it is Coldwater Veneer, Inc. 401(k) Plan Profit Sharing Plan in MI (722 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (722 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to IBEW Local 405 Deferred Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Coldwater Veneer, Inc. 401(k) Plan Profit Sharing Plan in MI (722 participants, $8M in assets).

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.

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.