Danville Division, Chapter NECA/IBEW Local 538
40
Plan:
21
72
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 47 point difference between this plan's BrightScope Rating (40) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
22 additional years of work Up to $320,300 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 40. This plan is in the top 15% of plans for Participation Rate. IBEW Local 538 401k Salary Deferral & Retirement Plan currently has over 400 active participants and over $8.7M in plan assets.
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 | $8,720,000 |
| Total Participants | 490 |
| Avg Account Balance | $18,000 |
Compare Other Companies in Peer Group
| Grunau Company | 79.3 |
| Harbor Group | 66.9 |
| All Phase Electric & Maintenance | 60.1 |
| L & H Company | 58.7 |
| Tri-City Electrical Contractors | 54.4 |
| Local No 146/IBEW-Midstate | 43.8 |
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