Trustees of I.B.E.W. & Electrical Industry Local 697 Money Purchase Plan and Trust
78
Plan:
I.B.E.W. & Electrical Industry Local 697 Money Purchase Plan and Trust
21
63
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (78) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
5 additional years of work Up to $79,800 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
I.B.E.W. & Electrical Industry Local 697 Money Purchase Plan and Trust is a defined contribution plan. This plan has a BrightScope Rating of 78, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, and Total Plan Cost. I.B.E.W. & Electrical Industry Local 697 Money Purchase Plan and Trust currently has over 1,100 active participants and over $138.1M in plan assets.
Retirement Plan Details
| Address |
7200 Mississippi Street
Suite 300 Merrillville, IN 46410 |
| Industry | Electrical Contractors and Other Wiring Installation Contractors |
| Administrator | Raymond Kasmark |
| Sponsor | Edward Shikany |
| Net Plan Assets | $138,000,000 |
| Total Participants | 1,100 |
| Avg Account Balance | $120,000 |
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