NECA SAVINGS PROGRAM

EIN: 222484310

Plan Overview & Key Metrics

NECA SAVINGS PROGRAM is a defined contribution retirement plan offered by NATIONAL EXCHANGE CARRIER ASSOCIATION. Below is a snapshot of the plan’s financial health, participant activity, and employer generosity based on publicly filed data. Use these metrics to benchmark your own contributions and see how this plan compares to peers.

NECA SAVINGS PROGRAM Total Retirement Plan Assets

At the end of 2000, the total retirement plan assets of NECA SAVINGS PROGRAM is $39,902,961.00. This plan was established in 1987.

NECA SAVINGS PROGRAM Total Number of Retirement Plan Participants

At the end of 2000, the total number of retirement plan participants in NECA SAVINGS PROGRAM is 549.

NECA SAVINGS PROGRAM Average Participant Retirement Account Value

In 2000, the average participant retirement account value for NECA SAVINGS PROGRAM is $72,682.00

NECA SAVINGS PROGRAM Estimated Average Employee Contribution Amount

In 2000, the estimated average employee contribution amount per participant for NECA SAVINGS PROGRAM is $7,701.00.

NECA SAVINGS PROGRAM Estimated Average Employer Match

In 2000, the estimated average employer match for an employee in NECA SAVINGS PROGRAM is approximately $1,776.00
Investing in this additional $1,776.00 for 20 years would give you extra $113,699.00, assuming a 10% annual return.

NECA SAVINGS PROGRAM Total Employer Contribution and Match Rate

In 2000, NECA SAVINGS PROGRAM allocates $975,331.00 to match its employees’ contributions, providing an employer match rate of 46.14% of their contributions

NECA SAVINGS PROGRAM Total Retirement Plan Asset Growth Rate

In 2000, the total retirement plan asset growth rate of NECA SAVINGS PROGRAM is -11.83%.

NECA SAVINGS PROGRAM Estimated Aggregate Retirement Account Investment Gain/Loss

In 2000, the estimated aggregate retirement account investment gain/loss for NECA SAVINGS PROGRAM is -6.68%. This measures the effectiveness of the plan participants’ investments in the year.

NECA SAVINGS PROGRAM Expense Ratio

In 2000, the investment and administrative expense ratio of NECA SAVINGS PROGRAM is 0.02%.

*Data from public filings (2000) 222484310-001 (old).

Plan Administrator & Contact

Need to reach the plan administrator, update beneficiaries, or request a distribution? Use the contact details below. If the plan uses an external recordkeeper (such as Fidelity, Vanguard, or Empower), their portal is typically the fastest way to manage your account day to day.

NECA SAVINGS PROGRAM Contact Info:

Reach the plan administrator by phone:

  • Plan phone: (973) 884-8233

Please log in to view the contact name and other detailed contact information.

Enrollment & Brokerage Features

The following features describe how NECA SAVINGS PROGRAM handles enrollment, default investments, and access to self-directed brokerage windows. Plans that offer auto-enrollment tend to have higher participation rates, and a brokerage window can give you access to investments beyond the plan’s core lineup.

What Should You Do Next?

Your 401(k) is likely your single largest wealth-building tool. Here is how to make the most of NECA SAVINGS PROGRAM:

  1. Contribute enough to capture the full employer match. This is free money — see the match details on the Contribution & Match page.
  2. Review your investment allocation. Make sure your mix of stocks, bonds, and other assets matches your age and risk tolerance. Check available investment options.
  3. Keep your beneficiary designations current. Life events (marriage, divorce, children) mean your beneficiary form may need updating.
  4. Increase contributions over time. Even a 1% annual bump can add tens of thousands to your retirement balance over a career.

Use our 401(k) Savings Calculator to project how your current contribution rate translates into retirement wealth, or try the Asset Allocation Calculator to find an allocation that fits your risk profile.

Get Key Insights for This Plan

Join our community and get data-driven insights about NECA SAVINGS PROGRAM. See how it compares to peer companies in fees, match generosity, and investment quality in its MyPlanIQ plan rating.

See this plan’s rating →

Questions about your 401(k) or retirement plan? Ask our team

Send us your question — about your plan, your investments, a lost 401(k) or anything on MyPlanIQ. A real person reads every message.

First Name
Email
Message
The form has been submitted successfully!
There has been some error while submitting the form. Please verify all form fields again.

Plan Rating

Not rated
See details

Keep researching NECA SAVINGS PROGRAM

Use the links below to move from this plan page into calculators, related retirement articles, and comparable plans in a similar industry or size band. That gives you a faster way to compare match design, fees, investments, and savings strategy in context.

Money headlines from this plan

These filing-based headlines surface the numbers most likely to affect a participant decision. Verify current plan documents before acting.

  • Average plan assets per reported participant: $72,683
    Based on the 2000 public filing. This is a plan-wide average, not a personal retirement target. Calculate a personal retirement target.
  • Employer contributions per reported participant: $1,777
    Based on the 2000 public filing. This reported average can include match, profit sharing, or other employer contributions. Review the match and contribution details.
  • Employee contributions per reported participant: $3,851
    Based on the 2000 public filing. Individual contribution rates vary with pay, eligibility, and participation. Model a contribution increase.
  • Reported administrative expenses as a share of assets: 0.02%
    Based on the 2000 public filing. This plan-level administrative ratio does not replace current fund expense ratios or participant fee disclosures. Estimate the long-term impact of fees.

401(k) research guides

Related Calculators

Related Plans