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JOINT BOARD OF TRUSTEES SHEET META WORKERS LOCAL 7, ZONE 2 PENSION

Lansing, Michigan
500+ employees
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Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
Sheet Metal Workers Local 7, Zone 2 Pension Plan
This plan meets industry benchmarks with a balanced mix of contributions and features but may need enhancements to stand out in recruitment.
JOINT BOARD OF TRUSTEES SHEET META WORKERS LOCAL 7, ZONE 2 PENSION
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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.
$12,995
Avg Employer Contribution per Person per Year
Below
Not EE Friendly
Plan Design
Laggard
EE Friendly
Admin Fees as a % of Total Assets
Laggard
13%
1 Year Return
Top Benefits

Peer Group

Size
100-499 employees
Region
Great Lakes
Industry
Construction

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
Sheet Metal Workers Local 7, Zone 2 Pension Plan
Plan type
DB
Plan start date
01/31/1966
Plan assets
$121,315,444
Participation Rate
-113.12 %
Loan %
0.00 %
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Key Plan Features

Each employer retirement plan is unique with different features that can benefit employees.
Loans
No
Self-directed
No
Auto-Enroll
No
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
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Just a few of the companies in your cohort

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