OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN
Plan Contact
- Address: 911 RIDGEBROOK ROAD,SPARKS,MD
- Phone: (410) 683-7721
Plan General Information
OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN is $46,298,859.00.This plan was established in 2000.
OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN is 3515
OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN is $13,171.00
OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN is $288.00.
OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN is approximately $698.00
Investing in this additonal $698.00 for 20 years would give you extra $44,699.00, assuming a 10% annual return.
Investing in this additonal $698.00 for 20 years would give you extra $44,699.00, assuming a 10% annual return.
OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN Total Employer Contribution and Match Rate
In 2023, OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN allocates $2,454,984.00 to match its employees' contributions, providing an employer match rate of 231.45% of their contributions
OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN is 15.98%.
OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN is 15.08%. This measures the effectiveness of the plan participants' investments in the year.
OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT PLAN is 0.75%.
Enrollment Features
OPERATING ENGINEERS LOCAL 77 INDIVIDUAL ACCOUNT 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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