401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$30M
Total assets Below avg plan size: 345
Participants Below avg headcount: 79th
Percentile by assets National rank: $87,210
Avg per participant Below avg 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

$30M in assets, 345 participants

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees's IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund reported $30M in total assets and 345 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

#7,012 in Construction (9,030 peers)

Coverage in Ohio

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund covers 345 participants in Ohio, about 45% of the average Ohio filer (state average ~765 per filing). Assets: $30M.

#7,012
in Construction (9,030 peers): +13.0%
assets growth YoY: 0.3×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$30,087,338 Top 21% higher than 79% 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 Union 306 401 (K) Wage Reduction Retirement Fund 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 Union 306 401 (K) Wage Reduction Retirement Fund sits mid-pack in the medium band (345 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund reported net income rose from -$4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund reported participants fell from 1,135 in the plan year 2022 filing to 345 in the plan year 2023 filing.
IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund end-of-year assets rose from $27M in the plan year 2022 filing to $30M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 311516748 · IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees PY 2023 · 401(k)

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund · $30M · 345 · 79th

VS-ST $30M
VS-ST 345
VS-ST 79th
VS-ST 401(k)
VS-ST near Transwood Employees' Retirement Plan
VS-ST ind #7012

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 →

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 2023.

Ohio filing particulars

Total Assets (Beginning of Year)	$27M
Net Assets (End of Year)	$30M
Net Income	$3M
Employer EIN	311516748
Plan Effective Date	1997-05-01
Filing Status	FILING RECEIVED

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

Latest sponsor-wide plan assets: $35M 30.731249366437517% vs 2022; 2024 filing year

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

GE Retirement Savings Plan $19.5B · 59,766
The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
The Progressive 401(k) Plan $9.2B · 56,176
The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
Nationwide Savings Plan $7.6B · 24,715

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 Transwood Employees' Retirement Plan in NE ($30M); by covered participants it is Bcc Engineering, LLC. Retirement Plan and Trust in FL (345 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($30M here).

Transwood Employees' Retirement Plan (NE) $30M · 762
Healthnet, Inc. 401(k) Plan (IN) $30M · 695
Tenafly Pediatrics, P.a. 401(k) Profit Sharing Plan (NJ) $30M · 117
Frandzel Robins Bloom & Csato, L.C. 401(k) Profit Sharing Plan (CA) $30M · 36

Similar participant headcount

Nearest other-state filings by covered participants (345 participants); asset peers above are excluded.

Bcc Engineering, LLC. Retirement Plan and Trust (FL) 345 · 0 off
Medable 401(k) Plan (CA) 345 · 0 off
Idera 401(k) Savings Plan (TX) 345 · 0 off
Healthtronics Group, LP 401(k) Plan (TX) 345 · 0 off

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 Union 306 401 (K) Wage Reduction Retirement Fund assets move in 2023? ▼

IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund grew at a solid clip - up 13.0% during 2023, from $27M to $30M. Reported net income was $3M.

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 79th 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 IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund? ▼

Among 401(k) plans in other states, the closest by assets is Transwood Employees' Retirement Plan in NE ($30M, 762 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 Bcc Engineering, LLC. Retirement Plan and Trust in FL (345 participants, $37M 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 311516748.