IBEW LOCAL NO. 223 DEFERRED INCOME PLAN

Plan Contact

  • Address: 321 RESEARCH PKWY STE 110,MERIDEN,CT
  • Contact person: STEVEN BARRY
  • Phone: (508) 880-2690

Plan General Information

IBEW LOCAL NO. 223 DEFERRED INCOME PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of IBEW LOCAL NO. 223 DEFERRED INCOME PLAN is $27,504,590.00.This plan was established in 1988.

IBEW LOCAL NO. 223 DEFERRED INCOME PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in IBEW LOCAL NO. 223 DEFERRED INCOME PLAN is 566

IBEW LOCAL NO. 223 DEFERRED INCOME PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for IBEW LOCAL NO. 223 DEFERRED INCOME PLAN is $48,594.00

IBEW LOCAL NO. 223 DEFERRED INCOME PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in IBEW LOCAL NO. 223 DEFERRED INCOME PLAN is approximately $4,143.00
Investing in this additonal $4,143.00 for 20 years would give you extra $265,176.00, assuming a 10% annual return.

IBEW LOCAL NO. 223 DEFERRED INCOME PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of IBEW LOCAL NO. 223 DEFERRED INCOME PLAN is 16.32%.

IBEW LOCAL NO. 223 DEFERRED INCOME PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for IBEW LOCAL NO. 223 DEFERRED INCOME PLAN is 8.77%. This measures the effectiveness of the plan participants' investments in the year.

IBEW LOCAL NO. 223 DEFERRED INCOME PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of IBEW LOCAL NO. 223 DEFERRED INCOME PLAN is 0.30%.

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