NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST
Plan Contact
- Address: 10 TECHNOLOGY DRIVE,WALLINGFORD,CT
- Contact person: BRIAN T. MURPHY
- Phone: (203) 269-7741
Plan General Information
NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST is $746,047,151.00.This plan was established in 1976.
NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST is 8698
NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST is $85,772.00
NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST is approximately $7,910.00
Investing in this additonal $7,910.00 for 20 years would give you extra $506,283.00, assuming a 10% annual return.
Investing in this additonal $7,910.00 for 20 years would give you extra $506,283.00, assuming a 10% annual return.
NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST is 22.81%.
NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST is 15.69%. This measures the effectiveness of the plan participants' investments in the year.
NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST is 0.10%.
Enrollment Features
NEW ENGLAND ELECTRICAL WORKERS MONEY PURCHASE PLAN AND TRUST 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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