Overview

Plan Rating

BrightScope Rating
81
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (39)
Average in Peer Group (79)
Highest in Peer Group (91)

Plan Description

Long Island Electric Utility ServCo LLC Incentive Thrift Plan II is a defined contribution plan with a 401k feature and ESOP component. This plan has a BrightScope Rating of 81. This plan is in the top 15% of plans for Account Balances, Salary Deferral, and Total Plan Cost. Long Island Electric Utility ServCo LLC Incentive Thrift Plan II currently has over 1,600 active participants and over $230.3M in plan assets.

Did you know?

For the average 401k participant, the 10 point difference between this plan's BrightScope Rating (81) and the top rated plan (91) could equate to:
8
Additional years of work
16,499
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 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 333 Earle Ovington Blvd, Suite 403
  • Location
    Uniondale , NY
  • 11553
  • Industry
    Utilities
  • Administrator
    Stephanie Olexson
  • Net Plan Assets
    $230,000,000
  • Total Participants
    1,600
  • Avg Account Balance
    $150,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Poor

Performance

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

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Poor

Performance

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

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
Vanguard Group Institutional Target Retirement 70%
12%
Vanguard Institutional Index 7%
10%
Fidelity Institutional Money Market Funds Government Money Market 7%
11%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
Vanguard Group
Consultant
Vanguard Group
Auditor
Kronick, Kalada, Berdy & Co., P.C.

Articles and Questions

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