LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST

At the end of 2022, the total retirement plan assets of LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST is $545,740,468.This plan was established in 1967.

At the end of 2022, the total number of retirement plan participants in LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST is 2665

In 2022, the average participant retirement account value for LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST is $204,780

In 2022, the estimated average employee contribution amount per participant for LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST is $2,086

In 2022, the estimated average employer match for an employee in LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST is approximately $7,136

In 2022, LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST allocates $19,017,646 to match its employees’ contributions, providing an employer match rate of 342.64% of their contributions

In 2022, the total retirement plan asset growth rate of LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST is -10.99%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST is -9.35%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST is 0.32%.

Enrollment Features

LOCAL NO. 8 IBEW RETIREMENT PLAN & TRUST has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.