ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND
Plan Contact
- Address: 55 MAIN STREET,CHICOPEE,MA
- Contact person: MITCH TERHAAR
- Phone: (413) 594-5494
Plan General Information
ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND is $4,392,521.00.This plan was established in 1976.
ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND is 64
ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND is $68,633.00
ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND is $522.00.
ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND is approximately $6,879.00
Investing in this additonal $6,879.00 for 20 years would give you extra $440,294.00, assuming a 10% annual return.
Investing in this additonal $6,879.00 for 20 years would give you extra $440,294.00, assuming a 10% annual return.
ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND Total Employer Contribution and Match Rate
In 2023, ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND allocates $440,294.00 to match its employees' contributions, providing an employer match rate of 2635.23% of their contributions
ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND is 4.60%.
ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND is 9.84%. This measures the effectiveness of the plan participants' investments in the year.
ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND Expense Ratio
In 2023, the investment and administrative expense ratio of ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS FUND is 1.78%.
Enrollment Features
ROOFERS & SLATERS LOCAL UNION NO. 248 ANNUITY AND 401(K) SAVINGS 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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