Board of Trustees Heavy & General Laborers of New Jersey Annuity Fund
61
Plan:
Heavy & General Laborers Local Unions 472 & 172 of New Jersey Annuity Plan
41
74
90
0
10
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40
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60
70
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90
100
For the average 401k participant, the 29 point difference between this plan's BrightScope Rating (61) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
17 additional years of work Up to $180,200 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
Heavy & General Laborers Local Unions 472 & 172 of New Jersey Annuity Plan is a defined contribution plan with a profit-sharing component. This plan has a BrightScope Rating of 61. This plan is in the top 15% of plans for Company Generosity and Participation Rate. Heavy & General Laborers Local Unions 472 & 172 of New Jersey Annuity Plan currently has over 10,900 active participants and over $589.8M in plan assets.
Retirement Plan Details
| Address |
700 Raymond Blvd
Newark, NJ 07105-2909 |
| Industry | Finance and Insurance |
| Administrator | Carol Westfall |
| Net Plan Assets | $590,000,000 |
| Total Participants | 11,000 |
| Avg Account Balance | $53,000 |
Compare Other Companies in Peer Group
Top 3 Funds in this 401k
| 1. | Total US Government Securities | 30% |
| 2. | Total Corporate Bonds | 27% |
| 3. | Total Common Stocks | 13% |
Plan Service Providers
| Insurance Carrier | Prudential |
| Insurance Carrier | Union Labor Life Insurance Company |
| Insurance Advisor/Broker | Union Labor Life Insurance Company |
| Investment Adviser | Morgan Stanley Smith Barney |
| Insurance Advisor/Broker | The Segal Company |
| Recordkeeper | BICC Systems Inc. |
| Legal Counsel | Connell, Foley, LLP |
| Auditor | Schultheis & Panettieri LLP |
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