IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN

Plan Contact

  • Address: 7200 MISSISSIPPI STREET,,MERRILLVILLE,IN
  • Contact person: FELIPE HERNANDEZ
  • Phone: (219) 845-4433

Plan General Information

IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN is $336,972,650.00.This plan was established in 1984.

IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN is 1042

IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN is $323,390.00

IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN is $94.00.

IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN is approximately $11,880.00
Investing in this additonal $11,880.00 for 20 years would give you extra $760,337.00, assuming a 10% annual return.

IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN Total Employer Contribution and Match Rate

In 2022, IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN allocates $12,379,242.00 to match its employees' contributions, providing an employer match rate of 12616.30% of their contributions

IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN is -14.77%.

IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN is -14.79%. This measures the effectiveness of the plan participants' investments in the year.

IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of IBEW & ELECTRICAL INDUSTRY LOC 697, MONEY PURCHASE PLAN is 0.15%.

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