LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN

Plan Contact

  • Address: P.O. BOX 981,BUFFALO,NY
  • Contact person: RICHARD N. LYONS
  • Phone: (716) 879-6700

Plan General Information

LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN Total Retirement Plan Assets

At the end of 2009, the total retirement plan assets of LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN is $31,492,928.00.This plan was established in 1987.

LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN Total Number of Retirement Plan Participants

At the end of 2009, the total number of retirement plan participants in LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN is 499

LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN Average Participant Retirement Account Value

In 2009, the average participant retirement account value for LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN is $63,112.00

LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN Estimated Average Employee Contribution Amount

In 2009, the estimated average employee contribution amount per participant for LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN is $5,565.00.

LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN Estimated Average Employer Match

In 2009, the estimated average employer match for an employee in LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN is approximately $233.00
Investing in this additonal $233.00 for 20 years would give you extra $14,941.00, assuming a 10% annual return.

LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN Total Employer Contribution and Match Rate

In 2009, LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN allocates $116,500.00 to match its employees' contributions, providing an employer match rate of 8.39% of their contributions

LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN Total Retirement Plan Asset Growth Rate

In 2009, the total retirement plan asset growth rate of LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN is 14.26%.

LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2009, the estimated aggregate retirement account investment gain/loss for LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN is 13.13%. This measures the effectiveness of the plan participants' investments in the year.

LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN Expense Ratio

In 2009, the investment and administrative expense ratio of LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN is 0.01%.

Enrollment Features

LUVATA BUFFALO & UNITED STEELWORKERS OF AMER LOCAL 9322 & LOCAL 593 & THE INTL ASSN OF MACHINISTS LODGE #34 401(K) RET PLAN 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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