401(k) · DOL Form 5500 · 2024
IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees 401(k) Plan
Data updated 2026-08-25
- $35M
- Total assets Below avg plan size
- 349
- Participants Below avg headcount
- 80th
- Percentile by assets National rank
- $99,772
- Avg per participant Below avg balance/head
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
$35M in assets, 349 participants
IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees's IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund reported $35M in total assets and 349 participants in its 2024 DOL Form 5500 filing, ranking in the 80th 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.
- #7,039 in Construction (9,039 peers)
Coverage in Ohio
IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund covers 349 participants in Ohio, about 46% of the average Ohio filer (state average ~765 per filing). Assets: $35M.
- #7,039
- in Construction (9,039 peers)
- +15.7%
- 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 2024 · DOL Form 5500
$34,820,399 Top 20% higher than 80% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund among mid-size filed plans by headcount
Plan-year 2024 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 (349 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund reported net income rose from $3M in the plan year 2023 filing to $5M in the plan year 2024 filing.
- IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund end-of-year assets rose from $30M in the plan year 2023 filing to $35M in the plan year 2024 filing.
- IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund reported participants rose from 345 in the plan year 2023 filing to 349 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 311516748 · IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees PY 2024 · 401(k)
IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund · $35M · 349 · 80th
- SCH $35M
- EBSA 349
- PART 80th
- TYPE 401(k)
- NET near Advantagecare Physicians, P.C. Union 401(k) Plan
- BOOK ind #7039
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 →
IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund in the asset neighbourhood
Ohio filing particulars
| Total Assets (Beginning of Year) | $30M |
|---|---|
| Net Assets (End of Year) | $35M |
| Net Income | $5M |
| 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)
Sponsor-wide plan assets over time
All IBEW Local Union 306 401 (K) Wage Reduction Retirement Fund Trustees plans reported in each filing year
- 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.
- GE Aerospace Retirement Savings Plan $14.7B · 45,620
- The Kroger Co. 401(k) Retirement Savings Account Plan $11.8B · 135,373
- The Progressive 401(k) Plan $11.5B · 62,521
- The Sherwin-Williams Company 401(k) Plan $10.6B · 47,459
- Parker Retirement Savings Plan $9.0B · 26,315
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 Advantagecare Physicians, P.C. Union 401(k) Plan in NY ($35M); by covered participants it is Next 15 Communications Retirement Plan in CA (349 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($35M here).
- Advantagecare Physicians, P.C. Union 401(k) Plan (NY) $35M · 898
- Maine Credit Union League Capital Accumulation Plan (ME) $35M · 188
- Maxon Industries 401(k) Plan (CA) $35M · 131
- Andesa Services Savings Incentive Plan (PA) $35M · 146
Similar participant headcount
Nearest other-state filings by covered participants (349 participants); asset peers above are excluded.
- Next 15 Communications Retirement Plan (CA) 349 · 0 off
- Comprehensive Energy Services 401(k) Plan (FL) 349 · 0 off
- Thrive Mortgage 401(k) Plan (TX) 349 · 0 off
- Investment Corporation of Palm Beach 401(k) Plan (FL) 349 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.