IBEW Local Union 288 and Neca Iowa Chapter, Joint Board of Trustees
70
Plan:
IBEW Local 288 Retirement and 401k Plan
17
61
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (70) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $99,500 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 288 Retirement and 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70. This plan is in the top 15% of plans for Company Generosity and Investment Menu Quality. IBEW Local 288 Retirement and 401k Plan currently has over 100 active participants and over $9.7M in plan assets.
Retirement Plan Details
| Address |
1695 Burton Ave
Waterloo, IA 50703 |
| Industry | Electrical Contractors and Other Wiring Installation Contractors |
| Administrator | Blaine Luck |
| Sponsor | Angela Bowersox |
| Net Plan Assets | $9,690,000 |
| Total Participants | 150 |
| Avg Account Balance | $65,000 |
Compare Other Companies in Peer Group
| Ferguson Electric Company | 86.3 |
| Collins Electrical Company | 77.7 |
| Ennis Electric Company | 75.1 |
| RFI Enterprises | 71.1 |
| Claypool Electric | 63.9 |
| Electrical Contractors | 36.9 |
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