ANNUITY PLAN IBEW LOCAL 96 Contribution & Employer Match

How BOARD OF TRUSTEES ANNUITY FUND IBEW LOCAL 96 Supports Your Retirement Savings

BOARD OF TRUSTEES ANNUITY FUND IBEW LOCAL 96 provides retirement savings benefits through ANNUITY PLAN IBEW LOCAL 96. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

ANNUITY PLAN IBEW LOCAL 96 Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ANNUITY PLAN IBEW LOCAL 96 is $118,489.00

* Data are from public filings.

Employer Match in ANNUITY PLAN IBEW LOCAL 96

An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.

ANNUITY PLAN IBEW LOCAL 96 Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ANNUITY PLAN IBEW LOCAL 96 is approximately $2,469.00
Investing in this additonal $2,469.00 for 20 years would give you extra $158,020.00, assuming a 10% annual return.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

ANNUITY PLAN IBEW LOCAL 96 Contribution & Match Policy

2025 IRS 401(k) Contribution Limits

The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:

 20242025
Employee elective deferrals (pretax + Roth)$23,000$23,500
Employee + employer contributions combined$69,000$70,000
Catch-up contributions (age 50+)$7,500$7,500
Enhanced catch-up (ages 60–63, SECURE 2.0)N/A$11,250

The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.

Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.

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