International Brotherhood of Electrical Workers Local 405

Electricians serving Linn, Benton, Jones, Johnson, Iowa, and Poweshiek counties since 1911

 

Benefits

Health and Welfare

 

 

Auxiant

 

Auxiant administers your HRA, safety glasses, disability Insurance (members only), 401-K and enrollment into the Health Insurance Plan.

 

It takes 304 reported hours to become eligible for coverage on our Health & Welfare protection plan.

 

Health Reimbursement Account

 

Local 405 Health & Welfare contributions are paid by your employer monthly, and are put in a Health Reimbursement Account (HRA) for you.  From the HRA you can pay your monthly premium, reimburse yourself for qualified out of pocket expenses on a pre-tax basis or use it after you have retired for Medicare premiums, Medicare Supplement premiums and qualified out of pocket expenses.

 

Wellmark

 

Wellmark takes care of your health insurance claims.  You can choose from a 90/10 plan, an 80/20 plan, and a 70/30 plan all with varying deductibles and premium costs.

 

Eye Med

 

Eyemed Vision Care handles your vision claims.  In network exams are covered with an additional benefit of $150 for eye-ware.

 

Delta Dental

 

Delta Dental handles your dental coverage.

 

Express Scripts

 

Express Scripts handles for prescription coverage.

 

 

Life Insurance

 

You will have a $6,250 life insurance policy with the International Brotherhood of Electrical Workers Pension Plan.  This is paid from your dues structure.

 

You will have a $2,500 life insurance policy with Metropolitan Life Company paid by the Local.

 

Once you qualify for our Health and Welfare insurance program (effective after reported contributions of 304 hours) you will be covered with an additional $10,000 life insurance policy with Cedar Rapids Electrical Workers Health and Welfare Fund.

 

You will also have Accidental Death benefit that doubles the above listed policies and provides an additional $2,500 benefit.

 

Pension

 

Deferred Savings Pension Plan with Wells Fargo

 

Wells Fargo administers your pension plan.  Pension contributions are paid monthly by your employer to Auxiant.  They then transmit that money to Wells Fargo where it is invested for you.  The default plan that the money is invested in is based on your age. You can also choose to be more or less aggressive.

 

An optional 401-K plan is available for your participation.  You can enroll in the plan at the time of initial employment with a contractor or at the beginning of a pay period (January 1, April 1, July 1 or October 1).  You must be active in the Local 405 Pension Plan to be eligible to participate.

 

NEBF

 

NEBF pension is calculated as a monthly amount of $32/month X years of service at full retirement age.

 

IBEW

 

IBEW pension benefit is calculated as a monthly amount of $4.50/month X years of membership at full retirement age

 

 

Contacts

 

Auxiant               319-398-3283

 

Wellmark            800-524-9242

 

Wells Fargo        319-286-1831

 

Eye Med             866-800-5457

 

Delta Dental        800-544-0718

 

Express Scripts   855-849-6653

 

 

Forms and Documents

 

HRA Reimbursment

 

Safety Glasses Reimbursment

 

Health and Welfare SPD

 

Deferred Savings Pension SPD

 

2017 IBEW Local 405

IBEW Local 405