Ibew 1253
45
Plan:
Money Purchase Pension Plan of Local 1253 IBEW
21
62
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 41 point difference between this plan's BrightScope Rating (45) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
19 additional years of work Up to $273,200 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
Money Purchase Pension Plan of Local 1253 IBEW is a defined contribution plan. This plan has a BrightScope Rating of 45. This plan is in the top 15% of plans for Account Balances. Money Purchase Pension Plan of Local 1253 IBEW currently has over 300 active participants and over $25.9M in plan assets.
Retirement Plan Details
| Address |
176 Main Street
Fairfield, ME 04937 |
| Industry | Electrical Contractors and Other Wiring Installation Contractors |
| Administrator | Donald Sarette |
| Net Plan Assets | $25,900,000 |
| Total Participants | 320 |
| Avg Account Balance | $81,000 |
Compare Other Companies in Peer Group
| L & H Company | 76.4 |
| Sasco | 71.4 |
| Joint Board of Trustees of IBEW... | 71.3 |
| IBEW Local 704 | 71.3 |
| Cascade Pension Trust Board of... | 64.1 |
| IBEW 143 Benefit Funds | 60.4 |
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