BOARD OF TRUSTEES LABORERS LOCAL 785 DEFINED CONTRIBUTION PLAN
Retirement Plan Detail
Retirement Plan Ranking
Retirement Plan:
Laborers Local 785 Defined Contribution Plan
This plan lags significantly behind industry standards, which can hurt recruitment efforts and lead to higher employee turnover.
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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.
$5,312
Avg Employer Contribution per Person per Year
Below
Not EE Friendly
Plan Design
Laggard
EE Friendly
Admin Fees as a % of Total Assets
Below
10%
1 Year Return
Competitive
Peer Group
Size
500+ employees
Region
Middle Atlantic
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
Laborers Local 785 Defined Contribution Plan
Plan type
DC-Other
Plan start date
01/01/2001
Plan assets
$40,472,268
Participation Rate
100.00 %
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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