LOCAL #S7 OF THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITH

Overview

Plan Contact

  • Address: 918 FREEBURG AVE,BELLEVILLE,IL
  • Contact person: KRISTI WALLS
  • Phone: (618) 233-7420

Plan General Information


At the end of 2021, the total retirement plan assets of LOCAL #S7 OF THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITH is $1,714,261.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in LOCAL #S7 OF THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITH is 166

In 2021, the average participant retirement account value for LOCAL #S7 OF THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITH is $10,326

In 2021, the estimated average employee contribution amount per participant for LOCAL #S7 OF THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITH is $473

In 2021, the estimated average employer match for an employee in LOCAL #S7 OF THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITH is approximately $98

In 2021, LOCAL #S7 OF THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITH allocates $16,418 to match its employees’ contributions, providing an employer match rate of 20.90% of their contributions

In 2021, the total retirement plan asset growth rate of LOCAL #S7 OF THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITH is 1.79%

In 2021, the estimated aggregate retirement account investment gain/loss for LOCAL #S7 OF THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITH is 15.17%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of LOCAL #S7 OF THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITH is 0.04%.

Enrollment Features

LOCAL #S7 OF THE INTERNATIONAL BROTHERHOOD OF BOILERMAKERS, IRON SHIP BUILDERS, BLACKSMITH has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.