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Board of Trustees of The IBEW Local No. 58 Annuity Fund
Plan:
IBEW Local No. 58 Annuity Fund
 

Board of Trustees of The IBEW Local No. 58 Annuity Fund

62 Plan: IBEW Local No. 58 Annuity Fund

 
 
62
14
62
85
0
10
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60
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100
For the average 401k participant, the 23 point difference between this plan's BrightScope Rating (62) and the top rated plan (85) could equate to:
[How is this calculated?]
12 additional years of work
Up to $158,000 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 No. 58 Annuity Fund is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 15% of plans for Participation Rate. IBEW Local No. 58 Annuity Fund currently has over 5,400 active participants and over $389.9M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
7
Plan Average: 24
Top 3 Funds in this 401k
1. Total Common Stocks 43%
2. Total Corporate Bonds 18%
3. Total US Government Securities 14%

 Retirement Plan Details

Address Po Box 71337
Madison Heights, MI 48071-1337 
Industry Electrical Contractors and Other Wiring Installation Contractors
Administrator Thomas Mittelbrun III
Sponsor Daniel Tripp Joseph Abdoo
Net Plan Assets $390,000,000
Total Participants 5,400
Avg Account Balance $72,000

  Plan Service Providers

Investment Adviser Morgan Stanley
Recordkeeper Prudential
Legal Counsel Sachs Waldman Pc
Recordkeeper BeneSys, Inc.
Auditor Mcclain Smith and Wenz Pc

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