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BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 58 ANNUITY FUND

Madison Heights, Michigan
500+ employees
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Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
Ibew Local No. 58 Annuity Fund
This plan provides above-average contributions and strong design features, helping employers stay competitive in hiring while supporting long-term retention.
BOARD OF TRUSTEES OF THE IBEW LOCAL NO. 58 ANNUITY FUND
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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.
$5,425
Avg Employer Contribution per Person per Year
Leading
Moderate
Plan Design
Competitive
EE Friendly
Admin Fees as a % of Total Assets
Below
12%
1 Year Return
Competitive

Peer Group

Size
500+ 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
Ibew Local No. 58 Annuity Fund
Plan type
401k
Plan start date
06/03/1987
Plan assets
$918,705,913
Participation Rate
100.00 %
Loan %
1.35 %
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Key Plan Features

Each employer retirement plan is unique with different features that can benefit employees.
Loans
Yes
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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