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Company:
Ibew 1253
Plan:
Money Purchase Pension Plan of Local 1253 IBEW
 

Ibew 1253

43 Plan: Money Purchase Pension Plan of Local 1253 IBEW

 
 
43
14
60
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 42 point difference between this plan's BrightScope Rating (43) and the top rated plan (85) could equate to:
[How is this calculated?]
19 additional years of work
Up to $258,600 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 43. This plan is in the top 15% of plans for Account Balances. Money Purchase Pension Plan of Local 1253 IBEW currently has over 400 active participants and over $24.8M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
42
Plan Average: 24
Top 3 Funds in this 401k
1. American Funds Income Fund of America 21%
2. American Funds New Perspective 16%
3. American Funds Washington Mutual 14%

 Retirement Plan Details

Address 176 Main Street
Fairfield, ME 04937 
Industry Electrical Contractors and Other Wiring Installation Contractors
Administrator Jeffrey Rose
Net Plan Assets $24,800,000
Total Participants 410
Avg Account Balance $91,000

  Plan Service Providers

Administration Sarette & Associates
Investment Adviser Pension Fund Evaluations, Inc.
Legal Counsel Wakelin, Hallock, O'Donovan
Auditor Runyon Kersteen Ouellette

 Comments