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Company:
Sprinkler Fitters and Apprentices Local Union No. 550
Plan:
Local 550 Annuity Plan
 

Sprinkler Fitters and Apprentices Local Union No. 550

71 Plan: Local 550 Annuity Plan

 
 
71
30
72
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 17 point difference between this plan's BrightScope Rating (71) and the top rated plan (88) could equate to:
[How is this calculated?]
11 additional years of work
Up to $111,100 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 550 Annuity Plan is a defined contribution plan with a profit-sharing component. This plan has a BrightScope Rating of 71. This plan is in the top 15% of plans for Company Generosity and Participation Rate. Local 550 Annuity Plan currently has over 500 active participants and over $30.7M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address 46 Rockland Street
Boston, MA 02132 
Industry Labor Unions and Similar Labor Organizations
Administrator Peter Gibbons
Net Plan Assets $30,700,000
Total Participants 510
Avg Account Balance $61,000

 Top 3 Funds in this 401k

1. American Funds Growth Fund of America 16%
2. Victory Diversified Stock 14%
3. SEI Fixed Fund 13%

  Plan Service Providers

Recordkeeper Hartford
Recordkeeper GPC Securities, Inc.
Administration The Angell Pension Group, Inc.
Auditor Goulet Salvidio & Associates, P.C.

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