Massachusetts Institute of Technology
78
Plan:
MIT Supplemental 401k Plan
41
70
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 10 point difference between this plan's BrightScope Rating (78) and the top rated plan (88) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $61,500 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
MIT Supplemental 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 78. This plan is in the top 15% of plans for Account Balances, Company Generosity, Investment Menu Quality, Salary Deferral, and Total Plan Cost. MIT Supplemental 401k Plan currently has over 18,700 active participants and over $2.9B in plan assets.
Retirement Plan Details
| Address |
77 Massachusetts Avenue -Ne49-3142
Cambridge, MA 02139 |
| Industry | Educational Services |
| Administrator | Israel Ruiz |
| Net Plan Assets | $2,870,000,000 |
| Total Participants | 19,000 |
| Avg Account Balance | $150,000 |
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