SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI
Plan Contact
- Address: 3717 NW 63RD STREET, SUITE 100,OKLAHOMA CITY,OK
- Contact person: RICHARD A. DIMICK
- Phone: (405) 848-4848
Plan General Information
SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI is $32,604,805.00.This plan was established in 1976.
SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI is 421
SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI is $77,446.00
SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI is $1,018.00.
SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI is approximately $3,091.00
Investing in this additonal $3,091.00 for 20 years would give you extra $197,839.00, assuming a 10% annual return.
Investing in this additonal $3,091.00 for 20 years would give you extra $197,839.00, assuming a 10% annual return.
SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI Total Employer Contribution and Match Rate
In 2023, SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI allocates $1,301,413.00 to match its employees' contributions, providing an employer match rate of 607.17% of their contributions
SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI is 8.33%.
SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI is 12.20%. This measures the effectiveness of the plan participants' investments in the year.
SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI Expense Ratio
In 2023, the investment and administrative expense ratio of SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI is 0.35%.
Enrollment Features
SHEET METAL WORKERS LOCAL NO 124 SUPPLEMENTAL RETI 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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