How big is IBEW Local 241's plan?

IBEW Local 241's plan reported $36.1M in assets and 193 participants for 2024.

Original filing (PDF)20251223114625NAL0017691712002

IBEW Local 241

Name: IBEW Local 241 — IBEW Local #241 Annuity Plan, Form 5500 (2024)
Creator: IBEW Local 241
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

IBEW Local #241 Annuity Plan

Defined-contribution retirement plan · IBEW Local 241's IBEW Local #241 Annuity Plan held $36.1M in plan assets for 193 participants in 2024.

Signals · 2

High average account balanceNo recordkeeper disclosed

Active participants

193

Accounts w/ balance

218

Plan assets (EOY)

$36.1M

Net assets (EOY)

$36.1M

Plan identifiers

IBEW Local 241's EIN is 16-6118689.

EIN 16-6118689

Plan number 002

Plan year 2024

ACK ID 20251223114625NAL0017691712002

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for IBEW Local 241 from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

IBEW Local 241's plan includes money-purchase contributions, profit-sharing.

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for IBEW LOCAL 241.

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How this plan invests

This plan

25 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

100

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Total administrative cost in the bottom quartile of peers (17th percentile).

Helping the score

High average account balance (92nd percentile).

Plan sponsor

Name

IBEW LOCAL 241

EIN

all filings

Address

134 CECIL A MALONE DRIVE · ITHACA, NY · 14850

Phone

(607) 272-2809

Industry

Electrical Contractors· Construction

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

002

Plan year

2024

Plan year begin

2024-06-01

Tax period

2025-05-31

Filed

2025-12-23

Pension benefit codes

2C · Money purchase (other than target benefit)

2E · Profit-sharing

2G · Total participant-directed accounts

Audit & trust (Schedule H)

Auditor

MENGEL METZGER BARR & CO LLP

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

5 rows

Advisor / Consultant

Name	EIN	Location	Relation	Direct comp	Indirect comp
SEGAL ADVISORS	13-2646110	—	INVESTMENT ADVISOR	$23K	—
VOYA RETIREMENT ADVISORS	02-0488491	—	INVESTMENT ADVISOR	$12K	—

TPA / Administrator

Name	EIN	Location	Relation	Direct comp	Indirect comp

Investments

25 direct securities· $35.9M(99% of reported assets)

Other securities

$27.9M

19 holdings

Common Collective Trusts

$5.1M

1 holding

Mutual Funds

$2.7M

4 holdings

Common Stocks

$181K

1 holding

					% of plan
Vanguard 500 Index Fund - Admiral Shares	Common Collective Trusts	—	—	$5.1M	14.2%
VY TRowePrice Captl Apprec Portfolio Inst - R6	Other securities	—	—	$4.5M	12.4%
Voya Target Retirement 2045 Fund - Class R6	Other securities	—	—	$3.3M	9.2%
TRowePrice Value Fund - I Class	Other securities	—	—	$2.9M	8.1%
Voya Fixed Account	Other securities	—	—	$2.5M	7.1%
VY TRowePrice Growth Equity Port I	Other securities	—	—	$2.5M	7.0%
Voya Fixed Account A	Other securities	—	—	$2.3M	6.4%
Voya Large Cap Growth Portfolio - R6	Other securities	—	—	$1.8M	5.1%
Voya Target Retirement 2035 Fund - Class R6	Other securities	—	—	$1.8M	5.1%
Voya Intermediate Bond Fund - R6	Other securities	—	—	$1.4M	3.8%
MFS International Equity Fund - Class R6	Mutual Funds	—	—	$1.2M	3.2%
American Funds Fdmntl Inv R6	Mutual Funds	—	—	$952K	2.6%
Voya Target Retirement 2050 Fund- Class R6	Other securities	—	—	$823K	2.3%
Voya Target Retirement 2025 Fund - Class R6	Other securities	—	—	$698K	1.9%
Voya Target Retirement 2040 Fund - ClassR6	Other securities	—	—	$691K	1.9%
Voya Target Retirement 2055 Fund - Class R6	Other securities	—	—	$668K	1.9%
Allspring Special Mid Cap Value Fund - Class R6	Other securities	—	—	$642K	1.8%
Baron Asset Fund - R6 Shares	Other securities	—	—	$492K	1.4%
Lord Abbett Developing Growth Fund - Class R6	Mutual Funds	—	—	$426K	1.2%
Voya Target Retirement 2060 Fund - ClassR6	Other securities	—	—	$422K	1.2%
Voya Small Company Portfolio - R6	Common Stocks	—	—	$181K	0.5%
Voya Target In-Retirement Fund - Class R6	Other securities	—	—	$166K	0.5%
Franklin Small Cap Value VIP F 2	Mutual Funds	—	—	$104K	0.3%
Voya Target Retirement 2065 Fund - Class R6	Other securities	—	—	$99K	0.3%
Voya Target Retirement 2030 Fund - Class R6	Other securities	—	—	$75K	0.2%