Trustees of Pipe Fitters Assocation Local 597
72
Plan:
Pipe Fitters' Individual Account and 401k Plan, Local 597
21
74
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (72) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $94,500 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
Pipe Fitters' Individual Account and 401k Plan, Local 597 is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 72. This plan is in the top 15% of plans for Company Generosity and Total Plan Cost. Pipe Fitters' Individual Account and 401k Plan, Local 597 currently has over 7,800 active participants and over $275.6M in plan assets.
Retirement Plan Details
| Address |
45 North Ogden Avenue
Chicago, IL 60607 |
| Industry | Plumbing, Heating, and Air-Conditioning Contractors |
| Administrator | Kevin Morrissey |
| Sponsor | Stephen Lamb |
| Net Plan Assets | $276,000,000 |
| Total Participants | 7,900 |
| Avg Account Balance | $36,000 |
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