I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN
Plan Contact
- Address: 8356 MUNSON ROAD,MENTOR,OH
- Contact person: JOHN RUSNAK
- Phone: (440) 255-3414
Plan General Information
I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN is $49,061,713.00.This plan was established in 1982.
I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY 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 673 PROFIT SHARING ANNUITY PLAN is 544
I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN is $90,186.00
I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN is $189.00.
I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN is approximately $2,867.00
Investing in this additonal $2,867.00 for 20 years would give you extra $183,508.00, assuming a 10% annual return.
Investing in this additonal $2,867.00 for 20 years would give you extra $183,508.00, assuming a 10% annual return.
I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN Total Employer Contribution and Match Rate
In 2023, I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN allocates $1,559,818.00 to match its employees' contributions, providing an employer match rate of 1747.83% of their contributions
I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN is 10.22%.
I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN is 13.98%. This measures the effectiveness of the plan participants' investments in the year.
I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of I.B.E.W. LOCAL 673 PROFIT SHARING ANNUITY PLAN is 0.33%.
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