IBEW Local No. 347 Iowa Chapter of NECA Joint Board of Trustees
67
Plan:
IBEW Local 347 Retirement and 401k Plan
26
61
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 23 point difference between this plan's BrightScope Rating (67) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
14 additional years of work Up to $47,000 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 347 Retirement and 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 67. This plan is in the top 35% of plans for Account Balances, Company Generosity, Investment Menu Quality, Participation Rate, and Total Plan Cost. IBEW Local 347 Retirement and 401k Plan currently has over 1,400 active participants and over $95.2M in plan assets.
Retirement Plan Details
| Address |
4200 University Avenue, Suite 320
West Des Moines, IA 50266 |
| Industry | Electrical Contractors and Other Wiring Installation Contractors |
| Administrator | Kevin Clark |
| Sponsor | Angela Bowersox |
| Net Plan Assets | $95,200,000 |
| Total Participants | 1,400 |
| Avg Account Balance | $67,000 |
Compare Other Companies in Peer Group
| Computype | 65.9 |
| Kent Companies | 62.6 |
| Richco | 61.3 |
| Precise Products | 58.0 |
| Lummus | 55.7 |
| Star Electricity, Inc. d/b/a... | 52.4 |
Top 3 Funds in this 401k
| 1. | Principal Guaranteed Interest Account | 13% |
| 2. | Principal Large Cap S&P 500 Index | 12% |
| 3. | Principal MidCap S&P 400 Index | 9% |
Plan Service Providers
| Insurance Carrier | Principal Financial Group |
| Insurance Advisor/Broker | Steven John Znerold |
| Investment Adviser | DiMeo Schneider & Associates, LLC |
| Legal Counsel | Blake & Uhlig |
| Administration | Wilson Mcshane Corp |
| Insurance Advisor/Broker | Anderson Insurance Agency |
| Auditor | Deboer & Associates |
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