Overview

Plan Rating

BrightScope Rating
64
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (17)
Average in Peer Group (70)
Highest in Peer Group (87)

Plan Description

IBEW Local No. 129 Profit Sharing Annuity Plan is a defined contribution plan with a profit-sharing component. This plan has a BrightScope Rating of 64. This plan is in the top 15% of plans for Participation Rate. IBEW Local No. 129 Profit Sharing Annuity Plan currently has over 300 active participants and over $29.1M in plan assets.

Did you know?

For the average 401k participant, the 23 point difference between this plan's BrightScope Rating (64) and the top rated plan (87) could equate to:
12
Additional years of work
174,095
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 12/31/2016
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 2235 West Park Drive, Suite B
  • Location
    Lorain , OH
  • 44053
  • Industry
    Finance and Insurance
  • Net Plan Assets
    $29,100,000
  • Total Participants
    340
  • Avg Account Balance
    $88,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Above Average

Performance

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

Design

Total Plan Cost:
Average Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Above Average
Salary Deferrals:
Poor
Account Balance:
Above 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
Fidelity Balanced 31%
18%
American Century Investments One Choice 17%
22%
MassMutual SAGIC Core Bond 10%
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
Recordkeeper
MassMutual
Administration
Ibew Local 129 Benefit Funds
Auditor
Alan Januzzi, CPA

Articles and Questions

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