LOCAL 8A-28A 401(K) RETIREMENT FUND

At the end of 2022, the total retirement plan assets of LOCAL 8A-28A 401(K) RETIREMENT FUND is $53,077,122.This plan was established in 1983.

At the end of 2022, the total number of retirement plan participants in LOCAL 8A-28A 401(K) RETIREMENT FUND is 1097

In 2022, the average participant retirement account value for LOCAL 8A-28A 401(K) RETIREMENT FUND is $48,383

In 2022, the estimated average employee contribution amount per participant for LOCAL 8A-28A 401(K) RETIREMENT FUND is $941

In 2022, the estimated average employer match for an employee in LOCAL 8A-28A 401(K) RETIREMENT FUND is approximately $2,552

In 2022, LOCAL 8A-28A 401(K) RETIREMENT FUND allocates $2,799,758 to match its employees’ contributions, providing an employer match rate of 264.18% of their contributions

In 2022, the total retirement plan asset growth rate of LOCAL 8A-28A 401(K) RETIREMENT FUND is -6.04%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCAL 8A-28A 401(K) RETIREMENT FUND is -6.25%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCAL 8A-28A 401(K) RETIREMENT FUND is 0.87%.

Enrollment Features

LOCAL 8A-28A 401(K) RETIREMENT FUND has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.