LOCAL 344 ANNUITY FUND PLAN

At the end of 2022, the total retirement plan assets of LOCAL 344 ANNUITY FUND PLAN is $49,108,828.This plan was established in 2003.

At the end of 2022, the total number of retirement plan participants in LOCAL 344 ANNUITY FUND PLAN is 1356

In 2022, the average participant retirement account value for LOCAL 344 ANNUITY FUND PLAN is $36,215

In 2022, the estimated average employee contribution amount per participant for LOCAL 344 ANNUITY FUND PLAN is $407

In 2022, the estimated average employer match for an employee in LOCAL 344 ANNUITY FUND PLAN is approximately $1,890

In 2022, LOCAL 344 ANNUITY FUND PLAN allocates $2,562,872 to match its employees’ contributions, providing an employer match rate of 466.81% of their contributions

In 2022, the total retirement plan asset growth rate of LOCAL 344 ANNUITY FUND PLAN is -13.03%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCAL 344 ANNUITY FUND PLAN is -12.64%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCAL 344 ANNUITY FUND PLAN is 0.70%.

Enrollment Features

LOCAL 344 ANNUITY FUND 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.