What is I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN's employer match?

In 2024, I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN reported $21,277,195 in employer contributions.

How many participants are in I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN?

At the end of 2024, I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN reported 3,654 plan participants.

What are I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN's total assets?

At the end of 2024, I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN reported total plan assets of $394,489,511.

When was I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN established?

I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN was established in 1982.

What are the investment options in I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN?

MyPlanIQ tracks the investment lineup for I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/i-b-e-w-local-union-no-124-annuity-plan/

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I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN

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Contribution & Savings

I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for I. B. E. W. LOCAL UNION NO. 124 ANNUITY PLAN is $107,961.00

2023 & 2024 401(k) contribution limits by IRS

	Pretax and roth employee contributions	Employee and employer contributions combined	Catch-up contributions (in addition to the employee and employer combined limit, age 50 and over)
401(k) contribution limit for 2023	$22,500	$66,000	$7,500
401(k) contribution limit for 2024	$23,000	$69,000	$7,500

$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.

$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!

Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.

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