401(k) · DOL Form 5500 · 2023

I.B.E.W. Local No. 540 Security 401(k) Plan

Data updated 2026-08-25

$76M
Total assets Below avg plan size
820
Participants Near avg headcount
89th
Percentile by assets National rank
$92,591
Avg per participant Below avg balance/head
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Official DOL plan name: I.B.E.W. Local 540 Security Plan · Sponsored by I.B.E.W. Local No. 540 Security · Ohio · Construction

$76M in assets, 820 participants

I.B.E.W. Local No. 540 Security's I.B.E.W. Local 540 Security Plan reported $76M in total assets and 820 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,883 in Construction (9,030 peers)

Where I.B.E.W. Local 540 Security Plan sits by assets

I.B.E.W. Local 540 Security Plan sits in the top quartile of all filed plans by assets, $76M for 820 participants (~$92,591/participant), up 20.1% in 2023.

#7,883
in Construction (9,030 peers)
+20.1%
assets growth YoY
0.8×
vs typical plan assets (national mean)

I.B.E.W. Local 540 Security Plan's outsized position by total assets

I.B.E.W. Local 540 Security Plan vs every filed plan by assets

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

$75,924,380 Top 11% higher than 89% 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

I.B.E.W. Local 540 Security 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. I.B.E.W. Local 540 Security Plan sits mid-pack in the medium band (820 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • I.B.E.W. Local 540 Security Plan reported net income rose from -$11M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • I.B.E.W. Local 540 Security Plan end-of-year assets rose from $63M in the plan year 2022 filing to $76M in the plan year 2023 filing.
  • I.B.E.W. Local 540 Security Plan reported participants rose from 748 in the plan year 2022 filing to 820 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 340225473 · I.B.E.W. Local No. 540 Security PY 2023 · 401(k)

I.B.E.W. Local 540 Security Plan · $76M · 820 · 89th

  • ASSETS $76M
  • PCT 820
  • EIN 89th
  • RANK 401(k)
  • PHOTO near Golden State Lumber, Inc. 401(k) Plan
  • IND ind #7883

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 →

I.B.E.W. Local 540 Security Plan in the asset neighbourhood

Workwave LLC 401(k) and Profit Sharing PlanWorkwave LLC 401(k) and Prof…$76MGolden State Lumber, Inc. 401(k) PlanGolden State Lumber, Inc. 40…$76MI.B.E.W. Local 540 Security PlanI.B.E.W. Local 540 Security …$76MSerigraph, Inc. 401(k) Savings PlanSerigraph, Inc. 401(k) Savin…$76MLsa Associates, Inc. Profit-Sharing and Savings Plan and TrustLsa Associates, Inc. Profit-…$76M
End-of-year total assets ($M) among I.B.E.W. Local 540 Security Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$63M
Net Assets (End of Year)$76M
Net Income$13M
Employer EIN340225473
Plan Effective Date1999-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (I.B.E.W. Local No. 540 Security)

Sponsor-wide plan assets over time

All I.B.E.W. Local No. 540 Security plans reported in each filing year

Latest sponsor-wide plan assets
$90M 41.91452032869817% vs 2022
2024 filing year
$60M$70M$80M$90M$100M 202220232024 $63.2M $89.7M ▲ +41.9%
Year Plans Participants Total Assets
2022 1 748 $63M
2023 1 820 $76M
2024 1 919 $90M

Nearby 401(k) Plans in Ohio

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

I.B.E.W. Local 540 Security Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants I.B.E.W. Local 540 Security Plan, Total assets ($B): 0.07592438 · Participants: 820I.B.E.W. Local 540 Security PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
I.B.E.W. Local 540 Security Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare I.B.E.W. Local 540 Security Plan side-by-side with 3 peers →

I.B.E.W. Local 540 Security Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Golden State Lumber, Inc. 401(k) Plan in CA ($76M); by covered participants it is Bay Family of Companies 401(k) Plan in WI (820 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (820 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 I.B.E.W. Local 540 Security Plan assets move in 2023? ▼
I.B.E.W. Local 540 Security Plan grew sharply - up 20.1% during 2023, from $63M to $76M. Reported net income was $13M.
How have I.B.E.W. Local No. 540 Security plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), I.B.E.W. Local No. 540 Security's sponsor-wide assets grew 41.9%, from $63M to $90M.
Where does I.B.E.W. Local 540 Security Plan rank by assets among Form 5500 filers? ▼
I.B.E.W. Local 540 Security Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to I.B.E.W. Local 540 Security Plan? ▼
Among 401(k) plans in other states, the closest by assets is Golden State Lumber, Inc. 401(k) Plan in CA ($76M, 632 participants).
Which 401(k) plans cover a similar participant headcount to I.B.E.W. Local 540 Security Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bay Family of Companies 401(k) Plan in WI (820 participants, $70M 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 340225473.

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.