Magnum Magnetics Corporation
49
Plan:
Magnum Magnetics Retirement Savings Plan
12
54
71
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 (49) and the top rated plan (71) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $137,800 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
Magnum Magnetics Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 49. Magnum Magnetics Retirement Savings Plan currently has over 200 active participants and over $1.6M in plan assets.
Retirement Plan Details
| Address |
801 Masonic Park Rd
Marietta, OH 45750-9357 |
| Industry | Manufacturing |
| Administrator | William Richebacher |
| Sponsor | Neil F. Huck, President |
| Net Plan Assets | $1,560,000 |
| Total Participants | 250 |
| Avg Account Balance | $6,400 |
Compare Other Companies in Peer Group
| Elite Manufacturing Technologies | 51.9 |
| Triad Manufacturing | 49.8 |
| Michigan Production Machining | 48.5 |
| Dillman Equipment | 47.1 |
| Act Pipe & Supply, Ltd. | 43.9 |
| Tramont | 40.9 |
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