New England Electrical Workers Money Purchase Plan and Trust

Form 5500 Data

New England Electrical Workers Money Purchase Plan and Trust

77

Overview

Plan Rating

BrightScope Rating
77
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (14)
Average in Peer Group (67)
Highest in Peer Group (84)

Plan Description

New England Electrical Workers Money Purchase Plan and Trust is a defined contribution plan. This plan has a BrightScope Rating of 77. This plan is in the top 15% of plans for Company Generosity and Total Plan Cost. New England Electrical Workers Money Purchase Plan and Trust currently has over 5,900 active participants and over $348.7M in plan assets.

Did you know?

For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (77) and the top rated plan (84) could equate to:
5
Additional years of work
26,501
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 10 Technology Drive
  • Location
    Wallingford , CT
  • 06492-7617
  • Industry
    Electrical Contractors and Other Wiring Installation Contractors
  • Administrator
    Brian T. Murphy
  • Net Plan Assets
    $349,000,000
  • Total Participants
    6,000
  • Avg Account Balance
    $64,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Great

Performance

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

Design

Total Plan Cost:
Low Fees
Company Generosity:
Great

Performance

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

Investments

Investment Menu Stats

# of Investment Options

24

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Vanguard Group Target Retirement 52%
27%
IBEW-NECA Stable Value Fund 26%
N/A
IBEW-NECA Equity Index Fund 3%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Administration
Abpa, Inc.
Legal Counsel
Robert M. Cheverie
Investment Adviser
UBS Financial Services, Inc.
Administration
John Hancock
Recordkeeper
John Hancock
Auditor
Novak Francella LLC

Articles and Questions

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