Spartanburg Steel Products, Inc.
70
Plan:
41
70
85
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 (70) and the top rated plan (85) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $81,100 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
Spartanburg Steel Products, Inc. 401k Savings and Investment Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70. This plan is in the top 15% of plans for Participation Rate. Spartanburg Steel Products, Inc. 401k Savings and Investment Plan currently has over 100 active participants and over $5.6M in plan assets.
Retirement Plan Details
| Address |
P.O. Box 6428
1290 New Cut Road Spartanburg, SC 29304 |
| Industry | Manufacturing |
| Administrator | Raoul Cavanna |
| Net Plan Assets | $5,550,000 |
| Total Participants | 150 |
| Avg Account Balance | $37,000 |
Compare Other Companies in Peer Group
| Alcoa | 77.7 |
| Latrobe Steel Company | 74.4 |
| Gerdau Ameristeel US | 66.8 |
| Harrison Steel Castings Co. | 64.7 |
| AFCO Steel, LLC | 62.6 |
| Hypertherm | 58.2 |
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