IBEW LOCAL UNION NO 237 ANNUITY FUND Contribution & Employer Match
How IBEW LOCAL UNION NO 237 ANNUITY FUND Supports Your Retirement Savings
IBEW LOCAL UNION NO 237 ANNUITY FUND provides retirement savings benefits through IBEW LOCAL UNION NO 237 ANNUITY FUND. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.
IBEW LOCAL UNION NO 237 ANNUITY FUND Average Participant Retirement Account Value
IBEW LOCAL UNION NO 237 ANNUITY FUND Estimated Average Employee Contribution Amount
115,835.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,809.00 in IBEW LOCAL UNION NO 237 ANNUITY FUND, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in IBEW LOCAL UNION NO 237 ANNUITY FUND
An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.
IBEW LOCAL UNION NO 237 ANNUITY FUND Total Employer Contribution and Match Rate
IBEW LOCAL UNION NO 237 ANNUITY FUND Estimated Average Employer Match
Investing in this additonal $3,182.00 for 20 years would give you extra $203,677.00, assuming a 10% annual return.
* Data are from public filings.
Are You Leaving Dollars on the Table?
If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.
Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.
IBEW LOCAL UNION NO 237 ANNUITY FUND Contribution & Match Policy
IBEW LOCAL UNION NO 237 ANNUITY FUND Contribution, Match and Other Plan Policies
- Effective July 1, 2018, participants may contribute from $1.00 to $8.00 per hour worked for a contributing employer.
- Employer contributions to the Plan are provided by employers’ signatory to the CBA with the Union and are based on hours worked by covered participants.
- Rates in effect during the periods covered by these financial statements were as follows: residential wire classification $3.12 per hour worked as of December 31, 2024, and $3.00 per hour worked prior to May 27, 2024; inside journeyman and apprentice’s classification $2.00 per hour worked as of December 31, 2024, and $1.75 per hour worked prior to May 27, 2024; and construction wireman classification $.50 per hour worked each year, other than first year apprentices who do not receive an hourly contribution rate.
- Participants are always 100% vested in their account balance.
2025 IRS 401(k) Contribution Limits
The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:
| 2024 | 2025 | |
|---|---|---|
| Employee elective deferrals (pretax + Roth) | $23,000 | $23,500 |
| Employee + employer contributions combined | $69,000 | $70,000 |
| Catch-up contributions (age 50+) | $7,500 | $7,500 |
| Enhanced catch-up (ages 60–63, SECURE 2.0) | N/A | $11,250 |
The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.
Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.
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