# System Council 7 Ibew 401(k) Plan
Source: https://planprovider.pro/companies/system-council-7-ibew-plan

> System Council 7 Ibew's 401(k) plan: 5 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** System Council 7 Ibew

- **Sponsor EIN:** 346003710

- **Sponsor Address:** 300 CANTRELL STREET, PHILADELPHIA, PA, 19148

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

- **Total Participants:** 5

- **Total Assets:** $1.5M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

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

| 2024|5|$1.5M|$31,655|$36,701|

| 2023|5|$1.3M|$30,727|$36,200|

| 2022|5|$1.1M|$29,460|$26,421|

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