ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 4801 WEST 150TH STREET,CLEVELAND,OH
- Contact person: BONNETTA WARREN
- Phone: (216) 267-5590
Plan General Information
ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN is $3,263,126.00.This plan was established in 1995.
ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN is 94
ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN is $34,714.00
ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN is $1,996.00.
ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN is approximately $373.00
Investing in this additonal $373.00 for 20 years would give you extra $23,879.00, assuming a 10% annual return.
Investing in this additonal $373.00 for 20 years would give you extra $23,879.00, assuming a 10% annual return.
ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN allocates $35,073.00 to match its employees' contributions, providing an employer match rate of 18.69% of their contributions
ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN is -10.50%.
ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN is -12.71%. This measures the effectiveness of the plan participants' investments in the year.
ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN is 0.55%.
Enrollment Features
ADALET IBEW LOCAL NO. 1377 401(K) RETIREMENT SAVINGS PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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