IBEW Local Union No. 124 Annuity Plan
62
Plan:
21
70
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 25 point difference between this plan's BrightScope Rating (62) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
14 additional years of work Up to $87,400 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
Local Union No. 124 IBEW-NECA Annuity Fund is a defined contribution plan with a profit-sharing component. This plan has a BrightScope Rating of 62. This plan is in the top 35% of plans for Company Generosity, Investment Menu Quality, Participation Rate, and Total Plan Cost. Local Union No. 124 IBEW-NECA Annuity Fund currently has over 3,000 active participants and over $133.3M in plan assets.
Retirement Plan Details
| Address |
305 E. 103rd Terrace
Kansas City, MO 64114 |
| Industry | Electrical Contractors and Other Wiring Installation Contractors |
| Administrator | Teral Akins |
| Sponsor | Kenneth Borden |
| Net Plan Assets | $133,000,000 |
| Total Participants | 3,000 |
| Avg Account Balance | $44,000 |
Compare Other Companies in Peer Group
Top 3 Funds in this 401k
| 1. | Principal Money Market | 13% |
| 2. | Principal Large Cap S&P 500 Index | 10% |
| 3. | Principal LifeTime 2030 | 9% |
Plan Service Providers
| Insurance Carrier | Principal Financial Group |
| Insurance Advisor/Broker | Douglas R. Peete |
| Administration | Ibew Benefit Center, Inc |
| Legal Counsel | Arnold, Newbold, Winter & Jackson |
| Investment Adviser | Marco Consulting |
| Consultant | Marco Consulting |
| Administration | Principal Financial Group |
| Auditor | RubinBrown Benefits Group |
Comments