logo image

UNITED UNION OF ROOFERS - LOCAL 8 PENSION FUND - BOARD OF TRUSTEES

Long Island City, New York
500+ employees
Profile site ↗︎
LinkedIn profile ↗︎
Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
United Union Of Roofers - Local 8 Pension Fund
This plan lags significantly behind industry standards, which can hurt recruitment efforts and lead to higher employee turnover.
UNITED UNION OF ROOFERS - LOCAL 8 PENSION FUND - BOARD OF TRUSTEES
Rate your benefits
See how your benefits compare to competitors and if you qualify for an Mployer Benefits Award

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.
$6,311
Avg Employer Contribution per Person per Year
Laggard
Not EE Friendly
Plan Design
Laggard
EE Friendly
Admin Fees as a % of Total Assets
Leading
14%
1 Year Return
Top Benefits

Peer Group

Size
500+ employees
Region
All Region Average
Industry
Other Services (except Public Administration

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
United Union Of Roofers - Local 8 Pension Fund
Plan type
DB
Plan start date
01/01/1957
Plan assets
$118,038,835
Participation Rate
-54.73 %
Loan %
0.00 %
Update your company benefits information and see if you qualify for a Benefits Award
It's free
Not your company?

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
Yes

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
Update your company benefits information and see if you qualify for a Benefits Award
It's free
Not your company?

Just a few of the companies in your cohort

HOUSTON CHAPTER AGC/LOUISIANA AGCHOUSTON CHAPTER AGC/LOUISIANA AGCBOARD OF TRUSTEES, INTERNATIONAL ASSOCIATION PENSION PLANBOARD OF TRUSTEES, INTERNATIONAL ASSOCIATION PENSION PLANTEAMSTERS' CONSTRUCTION INDUSTRYTEAMSTERS' CONSTRUCTION INDUSTRYUNITED UNION OF ROOFERS LOCAL 8 ANNUITY FUNDUNITED UNION OF ROOFERS LOCAL 8 ANNUITY FUNDBOARD OF TRUSTEES FOR THE IBEW 141 PROFIT SHARING PLANBOARD OF TRUSTEES FOR THE IBEW 141 PROFIT SHARING PLANBD OF TRUSTEES AUTOMOBILE MECHANICS LOCAL NO 701 DEFINED CONTRIBUTIONBD OF TRUSTEES AUTOMOBILE MECHANICS LOCAL NO 701 DEFINED CONTRIBUTIONNONPROFIT ASSOCIATION OF THE MIDLAN DSNONPROFIT ASSOCIATION OF THE MIDLAN DSSOCIETY OF COLLISION REPAIR SPECIALISTSSOCIETY OF COLLISION REPAIR SPECIALISTSUTAH MANUFACTURERS ASSOCIATIONUTAH MANUFACTURERS ASSOCIATIONBUILDING INDUSTRY ASSOCIATION OF CLARK COUNTYBUILDING INDUSTRY ASSOCIATION OF CLARK COUNTY

FAQs

Benefits Package

See how to earn a Top Benefits Rating for your company!

It’s free and takes just a few minutes, click here to get started
Get My Rating
Mployer