I.B.E.W. Local Union 306 401k Wage Reduction Retirement Fund Trustees

Form 5500 Data

I.B.E.W. Local Union 306 401k Wage Reduction Retirement Fund Trustees

49

Overview

Plan Rating

BrightScope Rating
49
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (33)
Average in Peer Group (68)
Highest in Peer Group (86)

Plan Description

I.B.E.W. Local Union 306 401k Wage Reduction Retirement Fund is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 49. This plan is in the top 15% of plans for Participation Rate. I.B.E.W. Local Union 306 401k Wage Reduction Retirement Fund currently has over 1,300 active participants and over $16.5M in plan assets.

Did you know?

For the average 401k participant, the 37 point difference between this plan's BrightScope Rating (49) and the top rated plan (86) could equate to:
17
Additional years of work
246,568
Lost 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. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2017
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 33 Fitch Boulevard
  • Location
    Austintown , OH
  • 44515
  • Industry
    Electrical Contractors and Other Wiring Installation Contractors
  • Administrator
    John Kellamis
  • Net Plan Assets
    $16,500,000
  • Total Participants
    1,400
  • Avg Account Balance
    $12,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Poor

Performance

Participation Rate:
Great
Salary Deferrals:
Poor
Account Balance:
Poor

Design

Total Plan Cost:
Average Fees
Company Generosity:
Poor

Performance

Participation Rate:
Great
Salary Deferrals:
Poor
Account Balance:
Poor
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Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

20

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
MassMutual SAGIC Diversified Bond 21%
N/A
Vanguard Institutional Index 17%
18%
American Century Investments One Choice 15%
22%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
MassMutual
Administration
BeneSys, Inc.
Auditor
Yurchyk & Davis, CPA's, Inc.

Articles and Questions

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