IBEW LOCAL 1049 CRAFT ANNUITY FUND

Plan Contact

  • Address: 100 CORPORATE DRIVE,HOLTSVILLE,NY
  • Contact person: STEVEN T. SCHLAPP
  • Phone: (631) 234-1803

Plan General Information

IBEW LOCAL 1049 CRAFT ANNUITY FUND Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of IBEW LOCAL 1049 CRAFT ANNUITY FUND is $308,078,930.00.This plan was established in 1991.

IBEW LOCAL 1049 CRAFT ANNUITY FUND Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in IBEW LOCAL 1049 CRAFT ANNUITY FUND is 3342

IBEW LOCAL 1049 CRAFT ANNUITY FUND Average Participant Retirement Account Value

In 2023, the average participant retirement account value for IBEW LOCAL 1049 CRAFT ANNUITY FUND is $92,184.00

IBEW LOCAL 1049 CRAFT ANNUITY FUND Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for IBEW LOCAL 1049 CRAFT ANNUITY FUND is $506.00.

IBEW LOCAL 1049 CRAFT ANNUITY FUND Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in IBEW LOCAL 1049 CRAFT ANNUITY FUND is approximately $7,833.00
Investing in this additonal $7,833.00 for 20 years would give you extra $501,312.00, assuming a 10% annual return.

IBEW LOCAL 1049 CRAFT ANNUITY FUND Total Employer Contribution and Match Rate

In 2023, IBEW LOCAL 1049 CRAFT ANNUITY FUND allocates $26,177,912.00 to match its employees' contributions, providing an employer match rate of 1633.40% of their contributions

IBEW LOCAL 1049 CRAFT ANNUITY FUND Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of IBEW LOCAL 1049 CRAFT ANNUITY FUND is 18.21%.

IBEW LOCAL 1049 CRAFT ANNUITY FUND Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for IBEW LOCAL 1049 CRAFT ANNUITY FUND is 13.23%. This measures the effectiveness of the plan participants' investments in the year.

IBEW LOCAL 1049 CRAFT ANNUITY FUND Expense Ratio

In 2023, the investment and administrative expense ratio of IBEW LOCAL 1049 CRAFT ANNUITY FUND is 0.12%.

Enrollment Features

IBEW LOCAL 1049 CRAFT ANNUITY FUND 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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