Trustees of Pipe Fitters' Association Local 597

82

Overview

Plan Rating

BrightScope Rating
82
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (19)
Average in Peer Group (70)
Highest in Peer Group (89)

Plan Description

Pipe Fitters' Individual Account and 401k Plan, Local 597 is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 82, 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 and Company Generosity. Pipe Fitters' Individual Account and 401k Plan, Local 597 currently has over 10,000 active participants and over $1.5B in plan assets.

Did you know?

For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (82) and the top rated plan (89) could equate to:
5
Additional years of work
42,423
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 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 45 North Ogden Avenue
  • Location
    Chicago , IL
  • 60607
  • Industry
    Plumbing, Heating, and Air-Conditioning Contractors
  • Administrator
    Christopher Hernadez
  • Sponsor
    Jill Mccall
  • Net Plan Assets
    $1,480,000,000
  • Total Participants
    10,000
  • Avg Account Balance
    $170,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Great

Performance

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

Design

Total Plan Cost:
High Fees
Company Generosity:
Great

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Below Avg.
Account Balance:
Above Average

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

23

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
T. Rowe Price Retirement 51%
N/A
MassMutual Retirement Services 22%
N/A
Vanguard Total Stock Market Index 6%
29%
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
Legal Counsel
Johnson and Smetters LLC
Investment Adviser
Strategic Capital Investment Advisors
Corporate Trustee
Amalgamated Bank
Auditor
Legacy Professionals, LLP

Articles and Questions

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