logo image

BD OF TRUSTEES AUTOMOBILE MECHANICS LOCAL NO 701 DEFINED CONTRIBUTION

Burr Ridge, Illinois
1-10 employees
Profile site ↗︎
LinkedIn profile ↗︎
Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
Mechanics Local No. 701 Defined Contribution 401(K
This plan meets industry benchmarks with a balanced mix of contributions and features but may need enhancements to stand out in recruitment.
BD OF TRUSTEES AUTOMOBILE MECHANICS LOCAL NO 701 DEFINED CONTRIBUTION
Rate your benefits
See how your benefits compare to competitors and if you qualify for an Mployer Benefits Award

Plan Benchmark

Disclaimer: Ratings are based on firm-provided, independently audited data and reflect Mployer Advisor's opinion. They are not financial or legal advice and should be one of many factors considered when evaluating a retirement plan.
$413
Avg Employer Contribution per Person per Year
Below
EE Friendly
Plan Design
Leading
EE Friendly
Admin Fees as a % of Total Assets
Below
11%
1 Year Return
Leading

Peer Group

Size
500+ employees
Region
All Region Average
Industry
Other Services (except Public Administration

Employer & Employee Contribution

Factors like longer employee tenure and more generous match rates result in higher contributions.
Average Employer Contribution
Employer
Cohort
Average Employee Contribution
Employee
Cohort

Plan Details

Plan name
Mechanics Local No. 701 Defined Contribution 401(K
Plan type
401k
Plan start date
01/01/2015
Plan assets
$82,845,572
Participation Rate
100.00 %
Loan %
0.00 %
Update your company benefits information and see if you qualify for a Benefits Award
It's free
Not your company?

Key Plan Features

Each employer retirement plan is unique with different features that can benefit employees.
Loans
No
Self-directed
No
Auto-Enroll
Yes
Vesting Requirements
No

Returns

The below return percentage is an approximate one-year return. Specific employee start date's and other factors can shift the percentage up or down.
Average Returns
Employer
Cohort

Administrative Fees

Retirement plans pays fees each year to advisors and other vendors. This shows how your fees compare to like plans both as a percent of total and overall.
Administration Fees $
Employer
Cohort
Administrative Fees %
Employer
Cohort
Update your company benefits information and see if you qualify for a Benefits Award
It's free
Not your company?

Just a few of the companies in your cohort

HOUSTON CHAPTER AGC/LOUISIANA AGCHOUSTON CHAPTER AGC/LOUISIANA AGCBOARD OF TRUSTEES, INTERNATIONAL ASSOCIATION PENSION PLANBOARD OF TRUSTEES, INTERNATIONAL ASSOCIATION PENSION PLANTEAMSTERS' CONSTRUCTION INDUSTRYTEAMSTERS' CONSTRUCTION INDUSTRYUNITED UNION OF ROOFERS LOCAL 8 ANNUITY FUNDUNITED UNION OF ROOFERS LOCAL 8 ANNUITY FUNDUNITED UNION OF ROOFERS - LOCAL 8 PENSION FUND - BOARD OF TRUSTEESUNITED UNION OF ROOFERS - LOCAL 8 PENSION FUND - BOARD OF TRUSTEESBOARD OF TRUSTEES FOR THE IBEW 141 PROFIT SHARING PLANBOARD OF TRUSTEES FOR THE IBEW 141 PROFIT SHARING PLANNONPROFIT ASSOCIATION OF THE MIDLAN DSNONPROFIT ASSOCIATION OF THE MIDLAN DSSOCIETY OF COLLISION REPAIR SPECIALISTSSOCIETY OF COLLISION REPAIR SPECIALISTSUTAH MANUFACTURERS ASSOCIATIONUTAH MANUFACTURERS ASSOCIATIONBUILDING INDUSTRY ASSOCIATION OF CLARK COUNTYBUILDING INDUSTRY ASSOCIATION OF CLARK COUNTY

FAQs

Benefits Package

See how to earn a Top Benefits Rating for your company!

It’s free and takes just a few minutes, click here to get started
Get My Rating
Mployer