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Company:
Formica Corporation
Plan:
Formica Corporation 401k Retirement Savings Plan
 

Formica Corporation

64 Plan:

 
 
64
11
73
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 24 point difference between this plan's BrightScope Rating (64) and the top rated plan (88) could equate to:
[How is this calculated?]
13 additional years of work
Up to $160,400 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

Formica Corporation 401k Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 64. This plan is in the top 35% of plans for Account Balances and Salary Deferral. Formica Corporation 401k Retirement Savings Plan currently has over 600 active participants and over $30.0M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address 10155 Reading Road
Cincinnati, OH 45241 
Industry Manufacturing
Administrator Peggy West
Net Plan Assets $30,000,000
Total Participants 690
Avg Account Balance $43,000

 Compare Other Companies in Peer Group

Placon 72.3
Plaskolite 67.6
Schnipke Engraving Company 65.9
RCO Engineering 60.4
Gemini Group 60.3
Royal Technologies 51.3

 Top 3 Funds in this 401k

1. Fidelity Managed Income Portfolio 29%
2. Fidelity Blue Chip Growth 16%
3. Fidelity Contrafund 10%

  Plan Service Provider

Auditor Clark, Schaefer, Hackett & Co.

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