I.B.E.W. LOCAL 540 SECURITY PLAN
Plan Contact
- Address: 3660 STUTZ DRIVE, SUITE 101,CANFIELD,OH
- Contact person: JAMES DECKERT
- Phone: (330) 758-3456
Plan General Information
I.B.E.W. LOCAL 540 SECURITY PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of I.B.E.W. LOCAL 540 SECURITY PLAN is $75,924,380.00.This plan was established in 1999.
I.B.E.W. LOCAL 540 SECURITY PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in I.B.E.W. LOCAL 540 SECURITY PLAN is 885
I.B.E.W. LOCAL 540 SECURITY PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for I.B.E.W. LOCAL 540 SECURITY PLAN is $85,790.00
I.B.E.W. LOCAL 540 SECURITY PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for I.B.E.W. LOCAL 540 SECURITY PLAN is $1,203.00.
I.B.E.W. LOCAL 540 SECURITY PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in I.B.E.W. LOCAL 540 SECURITY PLAN is approximately $4,537.00
Investing in this additonal $4,537.00 for 20 years would give you extra $290,419.00, assuming a 10% annual return.
Investing in this additonal $4,537.00 for 20 years would give you extra $290,419.00, assuming a 10% annual return.
I.B.E.W. LOCAL 540 SECURITY PLAN Total Employer Contribution and Match Rate
In 2023, I.B.E.W. LOCAL 540 SECURITY PLAN allocates $4,015,953.00 to match its employees' contributions, providing an employer match rate of 422.53% of their contributions
I.B.E.W. LOCAL 540 SECURITY PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of I.B.E.W. LOCAL 540 SECURITY PLAN is 20.14%.
I.B.E.W. LOCAL 540 SECURITY PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for I.B.E.W. LOCAL 540 SECURITY PLAN is 20.72%. This measures the effectiveness of the plan participants' investments in the year.
I.B.E.W. LOCAL 540 SECURITY PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of I.B.E.W. LOCAL 540 SECURITY PLAN is 0.42%.
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