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Company:
Danville Division, Chapter NECA/IBEW Local 538
Plan:
IBEW Local 538 401k Salary Deferral & Retirement Plan
 

Danville Division, Chapter NECA/IBEW Local 538

48 Plan: IBEW Local 538 401k Salary Deferral & Retirement Plan

 
 
48
9
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 39 point difference between this plan's BrightScope Rating (48) and the top rated plan (87) could equate to:
[How is this calculated?]
17 additional years of work
Up to $277,500 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

IBEW Local 538 401k Salary Deferral & Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 48. IBEW Local 538 401k Salary Deferral & Retirement Plan currently has over 300 active participants and over $11.0M in plan assets.


 Investment Menu Statistics

No. of Investment Options
24
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Lincoln Financial Guaranteed Investment Contract 19%
2. Lincoln Financial Short Term (SA14) 15%
3. Total Other Investments 13%

 
Plan Component Ratings

 Retirement Plan Details

Address 1290 N Michigan Ave
Danville, IL 61834-6244 
Industry Electrical Contractors and Other Wiring Installation Contractors
Administrator Jim Bailey
Net Plan Assets $11,000,000
Total Participants 390
Avg Account Balance $35,000

 
Plan Service Providers

Insurance Carrier Lincoln Financial
Insurance Advisor/Broker Woodbury Financial Services, Inc.
Administration Lincoln National Corporation
Insurance Advisor/Broker Union Labor Life Insurance Company
Auditor Kerber Eck Braeckel LLP