LOCAL 8A-28A 401(K) RETIREMENT FUND
Overview
Plan Contact
- Address: 36-18 33RD STREET,LONG ISLAND CITY,NY
- Contact person: JOSEPH AZZOPARDI
- Phone: (718) 361-1552
Plan General Information
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.