Dakotas Areawide IBEW-NECA Savings and Retirement Plan
64
Plan:
Dakotas Areawide IBEW-NECA Savings and Retirement Plan
45
72
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 26 point difference between this plan's BrightScope Rating (64) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
16 additional years of work Up to $73,800 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
Dakotas Areawide IBEW-NECA Savings and Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 64. This plan is in the top 15% of plans for Participation Rate. Dakotas Areawide IBEW-NECA Savings and Retirement Plan currently has over 3,000 active participants and over $201.9M in plan assets.
Retirement Plan Details
| Address |
2901 1st Avenue North
Fargo, ND 58102 |
| Industry | Electrical Contractors and Other Wiring Installation Contractors |
| Administrator | Sandra Hannestad |
| Net Plan Assets | $202,000,000 |
| Total Participants | 3,000 |
| Avg Account Balance | $67,000 |
Compare Other Companies in Peer Group
Top 3 Funds in this 401k
| 1. | IBEW-NECA Stable Value Fund | 13% |
| 2. | American Funds Capital World Growth and Income | 11% |
| 3. | Vanguard Institutional Index | 8% |
Plan Service Providers
| Insurance Carrier | Lincoln Financial |
| Insurance Carrier | All American Life Insurance Company |
| Insurance Advisor/Broker | Brett A. Bayer |
| Administration | BlueCross BlueShield Association |
| Legal Counsel | Anderson, Helgen, Davis & Nissen, LLC |
| Investment Adviser | Bank of America Merrill Lynch |
| Auditor | Eide Bailly LLP |
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