Local Union No. 102 I.B.E.W

62
Form 5500 Data

Overview

Plan Rating

BrightScope Rating
62
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 (69)
Highest in Peer Group (84)

Plan Description

I.B.E.W. Local Union No. 102 Surety Plan is a defined contribution plan with a profit-sharing component. This plan has a BrightScope Rating of 62. This plan is in the top 15% of plans for Account Balances, Company Generosity, and Participation Rate. I.B.E.W. Local Union No. 102 Surety Plan currently has over 3,900 active participants and over $471.5M in plan assets.

Did you know?

For the average 401k participant, the 22 point difference between this plan's BrightScope Rating (62) and the top rated plan (84) could equate to:
11
Additional years of work
167,885
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 50 Parsippany Road
  • Location
    Parsippany , NJ
  • 07054
  • Industry
    Electrical Contractors and Other Wiring Installation Contractors
  • Administrator
    Bernie Corrigan
  • Sponsor
    James K. Estabrook
  • Net Plan Assets
    $472,000,000
  • Total Participants
    4,000
  • Avg Account Balance
    $120,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Great

Performance

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

Design

Total Plan Cost:
Average Fees
Company Generosity:
Above Average

Performance

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

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

13

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Prudential Guaranteed Long-Term Account 56%
N/A
Self-Directed Brokerage Accounts 10%
N/A
Prudential IBEW Local 102 Balanced 5%
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
Insurance Carrier
Prudential
Administration
I.E. Shaffer & Co
Legal Counsel
Timothy R. Hott, Pc
Investment Adviser
Morgan Stanley
Legal Counsel
Oransky, Scaraggi & Borg, P.C.
Legal Counsel
Fox Rothschild LLP
Auditor
Shaughnessy Giella CPA Pc

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
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