IBEW LOCAL 332 PENSION PLAN PART B
Plan Contact
- Address: 6800 SANTA TERESA BLVD STE 100,SAN JOSE,CA
- Contact person: MILLER KAPLAN ARASE LLP
- Phone: (408) 288-4400
Plan General Information
IBEW LOCAL 332 PENSION PLAN PART B Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of IBEW LOCAL 332 PENSION PLAN PART B is $788,515,268.00.This plan was established in 1972.
IBEW LOCAL 332 PENSION PLAN PART B Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in IBEW LOCAL 332 PENSION PLAN PART B is 3950
IBEW LOCAL 332 PENSION PLAN PART B Average Participant Retirement Account Value
In 2023, the average participant retirement account value for IBEW LOCAL 332 PENSION PLAN PART B is $199,624.00
IBEW LOCAL 332 PENSION PLAN PART B Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for IBEW LOCAL 332 PENSION PLAN PART B is $4,227.00.
IBEW LOCAL 332 PENSION PLAN PART B Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in IBEW LOCAL 332 PENSION PLAN PART B is approximately $7,944.00
Investing in this additonal $7,944.00 for 20 years would give you extra $508,475.00, assuming a 10% annual return.
Investing in this additonal $7,944.00 for 20 years would give you extra $508,475.00, assuming a 10% annual return.
IBEW LOCAL 332 PENSION PLAN PART B Total Employer Contribution and Match Rate
In 2023, IBEW LOCAL 332 PENSION PLAN PART B allocates $31,382,500.00 to match its employees' contributions, providing an employer match rate of 187.91% of their contributions
IBEW LOCAL 332 PENSION PLAN PART B Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of IBEW LOCAL 332 PENSION PLAN PART B is 13.12%.
IBEW LOCAL 332 PENSION PLAN PART B Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for IBEW LOCAL 332 PENSION PLAN PART B is 11.98%. This measures the effectiveness of the plan participants' investments in the year.
IBEW LOCAL 332 PENSION PLAN PART B Expense Ratio
In 2023, the investment and administrative expense ratio of IBEW LOCAL 332 PENSION PLAN PART B is 0.20%.
Enrollment Features
IBEW LOCAL 332 PENSION PLAN PART B 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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