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Company:
Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan
Plan:
International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan
 

Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan

75 Plan: International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan

 
 
75
11
64
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (75) and the top rated plan (86) could equate to:
[How is this calculated?]
7 additional years of work
Up to $19,100 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

International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan is a defined contribution plan with a profit-sharing component. This plan has a BrightScope Rating of 75. This plan is in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, and Total Plan Cost. International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan currently has over 4,100 active participants and over $359.2M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
31
Plan Average: 24
Top 3 Funds in this 401k
1. Prudential Guaranteed Income Fund 30%
2. Vanguard Target Retirement 2020 13%
3. Vanguard Target Retirement 2030 13%

 
Plan Component Ratings

 Retirement Plan Details

Address 1719 Spring Garden Street
Philadelphia, PA 19130 
Industry Electrical Contractors and Other Wiring Installation Contractors
Administrator Brian Burrows
Net Plan Assets $359,000,000
Total Participants 4,100
Avg Account Balance $87,000

 Compare Other Companies in Peer Group

Plumbers Local Union No. 1... 76.0
Board of Trustees Steamfitters... 74.9
Board of Trustees Local No. 8 IBEW... 73.4
Joint Board of Trustees IBEW Local... 69.4
Board of Trustees, IBEW Local 595... 69.4
Board of Trustees of Steamfitters... 66.4

  Plan Service Providers

Insurance Carrier Prudential
Administration Frank M. Vaccaro & Associates, Inc.
Investment Adviser Marco Consulting
Legal Counsel Marino & Associates
Legal Counsel Cleary & Josem LLP
Legal Counsel Klehr, Harrison, Harvey, Branzburg
Auditor Novak Francella LLC

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