# Ibew Local 1505 401(k) Plan
Source: https://planprovider.pro/companies/ibew-local-1505-401k-plan

> Ibew Local 1505's 401(k) plan: 4 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ibew Local 1505

- **Sponsor EIN:** 042031557

- **Sponsor Address:** 2 RAININ RD, WOBURN, MA, 01801

- **Plan Type:** 401(k)

- **Total Participants:** 4

- **Total Assets:** $1.1M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|4|$1.1M|$17,537|$44,177|

| 2023|4|$756,734|$10,812|$31,423|

| 2022|4|$505,555|$12,883|$37,982|

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