IBEW LOCAL 701 RETIREMENT SAVINGS FUND
Plan Contact
- Address: 28600 BELLA VISTA PKWAY - STE 1110,WARRENVILLE,IL
- Phone: (630) 393-1701
Plan General Information
IBEW LOCAL 701 RETIREMENT SAVINGS FUND Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of IBEW LOCAL 701 RETIREMENT SAVINGS FUND is $341,218,343.00.This plan was established in 1989.
IBEW LOCAL 701 RETIREMENT SAVINGS FUND Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in IBEW LOCAL 701 RETIREMENT SAVINGS FUND is 2054
IBEW LOCAL 701 RETIREMENT SAVINGS FUND Average Participant Retirement Account Value
In 2023, the average participant retirement account value for IBEW LOCAL 701 RETIREMENT SAVINGS FUND is $166,123.00
IBEW LOCAL 701 RETIREMENT SAVINGS FUND Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for IBEW LOCAL 701 RETIREMENT SAVINGS FUND is $89.00.
IBEW LOCAL 701 RETIREMENT SAVINGS FUND Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in IBEW LOCAL 701 RETIREMENT SAVINGS FUND is approximately $7,912.00
Investing in this additonal $7,912.00 for 20 years would give you extra $506,404.00, assuming a 10% annual return.
Investing in this additonal $7,912.00 for 20 years would give you extra $506,404.00, assuming a 10% annual return.
IBEW LOCAL 701 RETIREMENT SAVINGS FUND Total Employer Contribution and Match Rate
In 2023, IBEW LOCAL 701 RETIREMENT SAVINGS FUND allocates $16,252,405.00 to match its employees' contributions, providing an employer match rate of 17711.09% of their contributions
IBEW LOCAL 701 RETIREMENT SAVINGS FUND Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of IBEW LOCAL 701 RETIREMENT SAVINGS FUND is 1.19%.
IBEW LOCAL 701 RETIREMENT SAVINGS FUND Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for IBEW LOCAL 701 RETIREMENT SAVINGS FUND is 1.52%. This measures the effectiveness of the plan participants' investments in the year.
IBEW LOCAL 701 RETIREMENT SAVINGS FUND Expense Ratio
In 2023, the investment and administrative expense ratio of IBEW LOCAL 701 RETIREMENT SAVINGS FUND is 0.07%.
Enrollment Features
IBEW LOCAL 701 RETIREMENT SAVINGS FUND has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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