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Company:
Sheet Metal Workers Local Union No. 28
Plan:
Sheet Metal Workers Local Union No. 28 Annuity Fund
 

Sheet Metal Workers Local Union No. 28

59 Plan: Sheet Metal Workers Local Union No. 28 Annuity Fund

 
 
59
8
65
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (59) and the top rated plan (90) could equate to:
[How is this calculated?]
17 additional years of work
Up to $251,200 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

Sheet Metal Workers Local Union No. 28 Annuity Fund is a defined contribution plan. This plan has a BrightScope Rating of 59. This plan is in the top 15% of plans for Account Balances, Participation Rate, and Total Plan Cost. Sheet Metal Workers Local Union No. 28 Annuity Fund currently has over 3,700 active participants and over $366.8M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
36
Plan Average: 24
Largest Funds in this 401k: based on % allocation of assets
1. Total Guaranteed Investment Contracts 78%
2. T. Rowe Price Retirement 2040 2%
3. T. Rowe Price Retirement 2030 1%

 
Plan Component Ratings

 Retirement Plan Details

Address 195 Mineola Blvd
Mineola, NY 11501 
Industry Finance and Insurance
Administrator Robert Diorio
Net Plan Assets $367,000,000
Total Participants 3,800
Avg Account Balance $97,000

 Compare Other Companies in Peer Group

Board of Trustees International... 86.0
American Insurance Association 84.2
Board of Trustees Annuity Fund of... 72.2
Board of Trustees of Twin City... 69.6
IBEW Local Union 129 63.5
ACRA Local 725 Defined... 43.7

  Plan Service Providers

Insurance Carrier New York Life
Administration New York Life
Investment Adviser Reynolds Securities
Consultant Dickinson Group, LLC
Auditor Audit Associates, Inc

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