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Company:
Altra Industrial Motion, Inc.
Plan:
Altra Industrial Motion, Inc. 401k Savings Plan
 

Altra Industrial Motion, Inc.

72 Plan:

 
 
72
32
67
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (72) and the top rated plan (87) could equate to:
[How is this calculated?]
9 additional years of work
Up to $128,700 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

Altra Industrial Motion, Inc. 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 72. This plan is in the top 35% of plans for Account Balances, Company Generosity, Investment Menu Quality, Participation Rate, and Total Plan Cost. Altra Industrial Motion, Inc. 401k Savings Plan currently has over 1,100 active participants and over $70.4M in plan assets.


 Investment Menu Statistics

No. of Investment Options
23
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. MetLife Stable Value Fund 25%
2. American Funds Growth Fund of America 8%
3. Vanguard Windsor II 6%

 Retirement Plan Details

Address 300 Granite Street
Suite 201
Braintree, MA 02184 
Industry Manufacturing
Administrator Jennifer Ireland
Net Plan Assets $70,400,000
Total Participants 1,100
Avg Account Balance $63,000

 Compare Other Companies in Peer Group

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Cummins-Allison 73.5
Opex 66.6

  Plan Service Providers

Insurance Carrier MetLife
Recordkeeper Fidelity
Auditor Feeley & Driscoll, P.C.