LOCAL 550 ANNUITY PLAN

At the end of 2022, the total retirement plan assets of LOCAL 550 ANNUITY PLAN is $119,649,320.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in LOCAL 550 ANNUITY PLAN is 771

In 2022, the average participant retirement account value for LOCAL 550 ANNUITY PLAN is $155,187

In 2022, the estimated average employer match for an employee in LOCAL 550 ANNUITY PLAN is approximately $16,678

In 2022, the total retirement plan asset growth rate of LOCAL 550 ANNUITY PLAN is -13.92%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCAL 550 ANNUITY PLAN is -18.52%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCAL 550 ANNUITY PLAN is 0.27%.

Enrollment Features

LOCAL 550 ANNUITY 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.