What is IBEW LOCAL 596 PENSION FUND's employer match?

In 2024, IBEW LOCAL 596 PENSION FUND reported $2,902,716 in employer contributions.

How many participants are in IBEW LOCAL 596 PENSION FUND?

At the end of 2024, IBEW LOCAL 596 PENSION FUND reported 515 plan participants.

What are IBEW LOCAL 596 PENSION FUND's total assets?

At the end of 2024, IBEW LOCAL 596 PENSION FUND reported total plan assets of $77,889,624.

When was IBEW LOCAL 596 PENSION FUND established?

IBEW LOCAL 596 PENSION FUND was established in 1979.

What are the investment options in IBEW LOCAL 596 PENSION FUND?

MyPlanIQ tracks the investment lineup for IBEW LOCAL 596 PENSION FUND on its investment options page: https://www.myplaniq.com/invest/planinvestments/ibew-local-596-pension-fund/

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IBEW LOCAL 596 PENSION FUND

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Contribution & Savings

IBEW LOCAL 596 PENSION FUND Average Participant Retirement Account Value

In 2024, the average participant retirement account value for IBEW LOCAL 596 PENSION FUND is $151,241.00

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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