Magellan Aerospace Corporation
62
Plan:
Magellan USA Retirement Plan
38
64
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 25 point difference between this plan's BrightScope Rating (62) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
13 additional years of work Up to $160,100 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
Magellan USA Retirement 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 Account Balances and Total Plan Cost. Magellan USA Retirement Plan currently has over 800 active participants and over $35.3M in plan assets.
Retirement Plan Details
| Address |
97-11 50th Avenue
Corona, NY 11368 |
| Industry | Manufacturing |
| Administrator | Phillip Dissinger |
| Net Plan Assets | $35,300,000 |
| Total Participants | 830 |
| Avg Account Balance | $43,000 |
Compare Other Companies in Peer Group
| AeroVironment | 77.3 |
| Meyer Tool | 65.8 |
| Robinson Helicopter Company | 62.8 |
| GE Aviation Systems, LLC | 62.8 |
| Kulite Semiconductor Products | 58.5 |
| Piper Aircraft | 58.4 |
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