Ormet Primary Aluminum Corp.
60
Plan:
38
66
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 27 point difference between this plan's BrightScope Rating (60) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
14 additional years of work Up to $183,000 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
Ormet Savings and Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 60. This plan is in the top 35% of plans for Account Balances and Salary Deferral. Ormet Savings and Retirement Plan currently has over 500 active participants and over $20.4M in plan assets.
Retirement Plan Details
| Address |
P.O. Box 176
State Route 7 Hannibal, OH 43931-0176 |
| Industry | Manufacturing |
| Administrator | Lisa Riedel |
| Net Plan Assets | $20,400,000 |
| Total Participants | 500 |
| Avg Account Balance | $40,000 |
Compare Other Companies in Peer Group
| Silgan Containers Manufacturing | 73.6 |
| Aluminum Precision Products | 68.4 |
| Century Aluminum Company | 67.0 |
| Noranda Aluminum | 66.0 |
| DRT Holdings | 62.9 |
| Alcan | 62.5 |
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