The Hite Company
62
Plan:
The Hite Company Retirement Income Plan
9
63
84
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 22 point difference between this plan's BrightScope Rating (62) and the top rated plan (84) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $199,700 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
The Hite Company Retirement Income Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 35% of plans for Total Plan Cost. The Hite Company Retirement Income Plan currently has over 200 active participants and over $10.9M in plan assets.
Retirement Plan Details
| Address |
Po Box 1754
Altoona, PA 16603-1754 |
| Industry | Wholesale Trade |
| Administrator | T. Scott Lawhead |
| Net Plan Assets | $10,900,000 |
| Total Participants | 270 |
| Avg Account Balance | $41,000 |
Compare Other Companies in Peer Group
| Keyence Corporation of America | 76.6 |
| Valid Management LLC | 73.8 |
| Springfield Electric Supply Company | 70.1 |
| Utility Supply and Construction... | 67.4 |
| Transcat | 65.4 |
| Horner Electric | 64.7 |
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