LOCAL 8 SALARY SAVINGS PLAN

At the end of 2022, the total retirement plan assets of LOCAL 8 SALARY SAVINGS PLAN is $29,220,426.This plan was established in 1996.

At the end of 2022, the total number of retirement plan participants in LOCAL 8 SALARY SAVINGS PLAN is 168

In 2022, the average participant retirement account value for LOCAL 8 SALARY SAVINGS PLAN is $173,931

In 2022, the estimated average employee contribution amount per participant for LOCAL 8 SALARY SAVINGS PLAN is $8,199

In 2022, the estimated average employer match for an employee in LOCAL 8 SALARY SAVINGS PLAN is approximately $15

In 2022, LOCAL 8 SALARY SAVINGS PLAN allocates $2,656 to match its employees’ contributions, providing an employer match rate of 0.20% of their contributions

In 2022, the total retirement plan asset growth rate of LOCAL 8 SALARY SAVINGS PLAN is -11.73%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCAL 8 SALARY SAVINGS PLAN is -11.02%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCAL 8 SALARY SAVINGS PLAN is 0.23%.

Enrollment Features

LOCAL 8 SALARY SAVINGS PLAN 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.