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Company:
IBEW Local 743 & NECA Trustees
Plan:
International Brotherhood Of Electrical Workers AFL-CIO Local Union #743 and National Electrical Contractors Association, Penn-Del-Jersey Chapter Reading Division Retirement Plan
 

IBEW Local 743 & NECA Trustees

72 Plan: International Brotherhood Of Electrical Workers AFL-CIO Local Union #743 and National Electrical Contractors Association, Penn-Del-Jersey Chapter Reading Division Retirement Plan

 
 
72
21
62
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (72) and the top rated plan (86) could equate to:
[How is this calculated?]
8 additional years of work
Up to $106,200 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

International Brotherhood Of Electrical Workers AFL-CIO Local Union #743 and National Electrical Contractors Association, Penn-Del-Jersey Chapter Reading Division Retirement Plan is a defined contribution plan with a profit-sharing component. This plan has a BrightScope Rating of 72. This plan is in the top 15% of plans for Account Balances, Company Generosity, Investment Menu Quality, and Participation Rate. International Brotherhood Of Electrical Workers AFL-CIO Local Union #743 and National Electrical Contractors Association, Penn-Del-Jersey Chapter Reading Division Retirement Plan currently has over 500 active participants and over $50.0M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address 20 Morgan Drive
Reading, PA 19608 
Industry Electrical Contractors and Other Wiring Installation Contractors
Administrator Melvin Fishburn
Sponsor David Paskowski
Net Plan Assets $50,000,000
Total Participants 570
Avg Account Balance $89,000

 Compare Other Companies in Peer Group

New River Electrical 85.7
Joint Board of Trustees of IBEW... 77.5
MYR Group 77.4
The Board of Trustees of the IBEW... 74.9
Joint Industry Board of Electrical... 72.4
Board of Trustees - Southern... 63.2

 Top 3 Funds in this 401k

1. John Hancock Funds II Lifestyle Balanced 24%
2. John Hancock Funds II Lifestyle Growth 16%
3. John Hancock Funds II Lifestyle Conservative 14%

  Plan Service Providers

Insurance Carrier John Hancock
Insurance Advisor/Broker Bank of America Merrill Lynch
Insurance Advisor/Broker Kosmerl & Co
Insurance Advisor/Broker Eberts & Harrison, Inc.
Insurance Advisor/Broker C.I. Consulting
Insurance Advisor/Broker Ehrlich & Ehrlich
Insurance Advisor/Broker Beyer-Barber Company
Auditor Kosmerl & Co

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