401(k) · DOL Form 5500 · 2024

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

Data updated 2026-08-11

$263M
Total assets: 780
Participants: 95th
Percentile by assets: $336,647
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

$263M in assets, 780 participants

Board of Trustees, IBEW Local 405 Deferred Savings Plan's IBEW Local 405 Deferred Savings Plan reported $263M in total assets and 780 participants in its 2024 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 123,622 plans)
#8,554 in Construction (9,039 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, $263M for 780 participants (~$336,647/participant), up 11.9% in 2024.

$263M
total plan assets (2024 EOY): 780
covered participants: 95th
percentile by assets (of 123,622 plans): $336,647
avg assets per participant

IBEW Local 405 Deferred Savings Plan reported net income fell from $38M in the plan year 2023 filing to $28M in the plan year 2024 filing.
IBEW Local 405 Deferred Savings Plan end-of-year assets rose from $235M in the plan year 2023 filing to $263M in the plan year 2024 filing.
IBEW Local 405 Deferred Savings Plan reported participants rose from 722 in the plan year 2023 filing to 780 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Iowa

Industry

Construction

IBEW Local 405 Deferred Savings Plan vs the 2024 asset distribution

By assets, IBEW Local 405 Deferred Savings Plan outranks 95% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$235M
Net Assets (End of Year)	$262M
Net Income	$28M
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 $4.6B · 12,841
The Rsm US LLP Retirement Plan $3.4B · 14,728
Iowa Health System Section 401(k) Retirement Savings Plan $3.3B · 25,072
The Hy-Vee and Affiliates 401(k) Plan $3.1B · 55,411
Transamerica 401(k) Retirement Savings Plan $2.7B · 8,059

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.

Alkegen 401(k) Plan (NY) $263M · 1,816
Daktronics, Inc. 401(k) Plan (SD) $263M · 2,369
Club Retirement Plan (VA) $263M · 7,409
The 401(k) Plan - Americo, Crl & Ipfs (MO) $262M · 1,779

Frequently Asked Questions

How did IBEW Local 405 Deferred Savings Plan assets move in 2024? ▼

IBEW Local 405 Deferred Savings Plan grew at a solid clip - up 11.9% during 2024, from $235M to $263M. Reported net income was $28M.

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 123,622 plans that reported assets for plan year 2024 (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 Alkegen 401(k) Plan in NY ($263M, 1,816 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 2024.

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