Local No. 41 International Brotherhood of Electrical Workers
Form 5500 DataOverview
Plan Description
Local No. 41 International Brotherhood of Electrical Workers Annuity Fund is a defined contribution plan with a profit-sharing component. This plan has a BrightScope Rating of 60. This plan is in the top 15% of plans for Company Generosity and Total Plan Cost. Local No. 41 International Brotherhood of Electrical Workers Annuity Fund currently has over 1,400 active participants and over $88.6M in plan assets.
Did you know?
For the average 401k participant, the 30 point difference between this plan's BrightScope Rating (60) and the top rated plan (90) could equate to:
17
Additional years of work
168,753
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 10/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address S 3546 California Road
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address S 3546 California Road
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LocationOrchard Park , NY14127
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IndustryElectrical Contractors and Other Wiring Installation Contractors
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AdministratorLeeann Murphy
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SponsorRose Haensly
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Net Plan Assets$88,600,000
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Total Participants1,400
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Avg Account Balance$75,000
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:
Lowest Fees
Company Generosity:
Above Average
Performance
Participation Rate:
Below Avg.
Salary Deferrals:
Poor
Account Balance:
Average
Peer Group Plans
Company | Rating |
---|---|
Stacy and Witbeck | 79.2 |
U.S. Dairy Systems | 64.6 |
Hi-Lex | 64.3 |
Kurt Manufacturing Company | 63.5 |
Board of Trustees of Iron Workers St. Louis District Council Annuity | 61.2 |
Sanderson Farms | 50.2 |
Top Industry Articles
Compliance
Stimulus Bill Extends Some Provisions of the CARES Act
It also provides a way for retirement plan sponsors to avoid a partial plan termination.
December 28, 2020
Practice Management
Practice Management: Areas of Success
A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.
December 28, 2020
Deals & People
HUB Names New Leader for Retirement and Private Wealth
PLANADVISER has learned that HUB International has named Joe DeNoyior as the new leader for Retirement and Private Wealth.
January 22, 2021
exclusives
Democrats Have Won the Power to Fix Union Pensions
A bipartisan compromise solution to end the multiemployer pension crisis is urgently required, sources agree, and one could finally be forthcoming in the U.S. Congress.
January 19, 2021
Compliance
Retirement Plan Trustee Faces Cybersecurity-Related Lawsuit
The lawsuit says the trustee failed to prevent a fraudulent distribution from a participant's account and is failing to take responsibility.
January 15, 2021
Investments
Largest Funds in this Plan | Allocation of Assets | 1 YR Rank in Category |
---|---|---|
Vanguard LifeStrategy Income | 45% |
8%
|
Vanguard Group Institutional Target Retirement | 18% |
29%
|
Vanguard Growth Index | 5% |
33%
|
|
100%
|
|
|
100%
|
|
|
100%
|
|
|
100%
|
View all funds in this plan
Providers
Articles and Questions

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