IAMAW LOCAL NO. 2575 – AIR WISCONSIN AIRLINES RETIREMENT PLAN AND TRUST

At the end of 2022, the total retirement plan assets of IAMAW LOCAL NO. 2575 – AIR WISCONSIN AIRLINES RETIREMENT PLAN AND TRUST is $25,965,355.This plan was established in 1985.

At the end of 2022, the total number of retirement plan participants in IAMAW LOCAL NO. 2575 – AIR WISCONSIN AIRLINES RETIREMENT PLAN AND TRUST is 395

In 2022, the average participant retirement account value for IAMAW LOCAL NO. 2575 – AIR WISCONSIN AIRLINES RETIREMENT PLAN AND TRUST is $65,735

In 2022, the estimated average employee contribution amount per participant for IAMAW LOCAL NO. 2575 – AIR WISCONSIN AIRLINES RETIREMENT PLAN AND TRUST is $2,166

In 2022, the estimated average employer match for an employee in IAMAW LOCAL NO. 2575 – AIR WISCONSIN AIRLINES RETIREMENT PLAN AND TRUST is approximately $703

In 2022, IAMAW LOCAL NO. 2575 – AIR WISCONSIN AIRLINES RETIREMENT PLAN AND TRUST allocates $277,946 to match its employees’ contributions, providing an employer match rate of 31.40% of their contributions

In 2022, the total retirement plan asset growth rate of IAMAW LOCAL NO. 2575 – AIR WISCONSIN AIRLINES RETIREMENT PLAN AND TRUST is -20.75%

In 2022, the estimated aggregate retirement account investment gain/loss for IAMAW LOCAL NO. 2575 – AIR WISCONSIN AIRLINES RETIREMENT PLAN AND TRUST is -14.65%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of IAMAW LOCAL NO. 2575 – AIR WISCONSIN AIRLINES RETIREMENT PLAN AND TRUST is 0.33%.

Enrollment Features

IAMAW LOCAL NO. 2575 – AIR WISCONSIN AIRLINES RETIREMENT PLAN AND TRUST has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.