LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K

Plan Contact

  • Contact person: RICHARD N. LYONS
  • Phone: (716) 879-6700

Plan General Information

LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K Total Retirement Plan Assets

At the end of 2006, the total retirement plan assets of LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K is $32,183,827.00.This plan was established in 1987.

LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K Total Number of Retirement Plan Participants

At the end of 2006, the total number of retirement plan participants in LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K is 544

LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K Average Participant Retirement Account Value

In 2006, the average participant retirement account value for LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K is $59,161.00

LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K Estimated Average Employee Contribution Amount

In 2006, the estimated average employee contribution amount per participant for LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K is $5,814.00.

LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K Estimated Average Employer Match

In 2006, the estimated average employer match for an employee in LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K is approximately $250.00
Investing in this additonal $250.00 for 20 years would give you extra $16,000.00, assuming a 10% annual return.

LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K Total Employer Contribution and Match Rate

In 2006, LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K allocates $136,000.00 to match its employees' contributions, providing an employer match rate of 8.60% of their contributions

LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K Total Retirement Plan Asset Growth Rate

In 2006, the total retirement plan asset growth rate of LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K is 6.41%.

LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K Estimated Aggregate Retirement Account Investment Gain/Loss

In 2006, the estimated aggregate retirement account investment gain/loss for LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K is 8.40%. This measures the effectiveness of the plan participants' investments in the year.

LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K Expense Ratio

In 2006, the investment and administrative expense ratio of LUVATA BUFFALO & UNITED STEEL WORKERS OF AMERICA LOCAL 9322 & LOCAL 593 AND THE INTL ASSOC OF MACHINIST LODGE 34 401K is 0.01%.

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