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PLUMBERS LOCAL UNION NO. 1 EMPLOYEE 401(K) SAVINGS PLAN

Long Island City, New York
11-50 employees
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Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
Plumbers Local Union No. 1 Employee 401(K) Savings Plan
This plan meets industry benchmarks with a balanced mix of contributions and features but may need enhancements to stand out in recruitment.
PLUMBERS LOCAL UNION NO. 1 EMPLOYEE 401(K) SAVINGS PLAN
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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.
$6,056
Avg Employer Contribution per Person per Year
Leading
Not EE Friendly
Plan Design
Laggard
EE Friendly
Admin Fees as a % of Total Assets
Laggard
12%
1 Year Return
Leading

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
Plumbers Local Union No. 1 Employee 401(K) Savings Plan
Plan type
401k
Plan start date
07/01/1996
Plan assets
$960,960,502
Participation Rate
82.78 %
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

BD OF TEES OF ELEVATOR CONSTRUCTORS UNION LOCAL NO. 1 ANNUITY & 401KBD OF TEES OF ELEVATOR CONSTRUCTORS UNION LOCAL NO. 1 ANNUITY & 401KBD OF TR OPER ENG CONS. INDUSTRY MISCELLANEOUS PENSION FUNDBD OF TR OPER ENG CONS. INDUSTRY MISCELLANEOUS PENSION FUNDBOARD OF TRUSTEES OF STEAMFITTERS LU 420 PENSION PLANBOARD OF TRUSTEES OF STEAMFITTERS LU 420 PENSION PLANBOARD OF TRUSTEES OF METAL LATHERS LOCAL 46 PENSION FUNDBOARD OF TRUSTEES OF METAL LATHERS LOCAL 46 PENSION FUNDBOARD OF TRUSTEES STEAMFITTERS LOCAL #449 PENSION FUNDBOARD OF TRUSTEES STEAMFITTERS LOCAL #449 PENSION FUNDBOARD OF TRUSTEES, STEAMFITTERS LOCAL #449 RETIREMENT SECURITY FUNDBOARD OF TRUSTEES, STEAMFITTERS LOCAL #449 RETIREMENT SECURITY FUNDBOARD OF TRUSTEES OF METAL LATHERS LOCAL 46 ANNUITY FUNDBOARD OF TRUSTEES OF METAL LATHERS LOCAL 46 ANNUITY FUNDCEMENT MASONS LOCAL 780 PENSION FUNDCEMENT MASONS LOCAL 780 PENSION FUNDIBEW LOCAL NO. 82 PENSION PLANIBEW LOCAL NO. 82 PENSION PLANLOCAL 354 PLUMBERS & PIPE FITTERS PENSION FUNDLOCAL 354 PLUMBERS & PIPE FITTERS PENSION FUND

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