LOCAL 1102 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of LOCAL 1102 401(K) RETIREMENT PLAN is $16,373,685.This plan was established in 1968.

At the end of 2022, the total number of retirement plan participants in LOCAL 1102 401(K) RETIREMENT PLAN is 2134

In 2022, the average participant retirement account value for LOCAL 1102 401(K) RETIREMENT PLAN is $7,672

In 2022, the estimated average employee contribution amount per participant for LOCAL 1102 401(K) RETIREMENT PLAN is $396

In 2022, the estimated average employer match for an employee in LOCAL 1102 401(K) RETIREMENT PLAN is approximately $704

In 2022, LOCAL 1102 401(K) RETIREMENT PLAN allocates $1,502,734 to match its employees’ contributions, providing an employer match rate of 201.01% of their contributions

In 2022, the total retirement plan asset growth rate of LOCAL 1102 401(K) RETIREMENT PLAN is -11.30%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCAL 1102 401(K) RETIREMENT PLAN is -14.66%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCAL 1102 401(K) RETIREMENT PLAN is 2.59%.

Enrollment Features

LOCAL 1102 401(K) RETIREMENT 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.