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Company:
Nidec Minster Corporation
Plan:
The Minster Machine Company 401k Retirement Savings Plan
 

Nidec Minster Corporation

66 Plan: The Minster Machine Company 401k Retirement Savings Plan

 
 
66
27
68
88
0
10
20
30
40
50
60
70
80
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100
For the average 401k participant, the 22 point difference between this plan's BrightScope Rating (66) and the top rated plan (88) could equate to:
[How is this calculated?]
12 additional years of work
Up to $132,800 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

The Minster Machine Company 401k Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 66. This plan is in the top 35% of plans for Account Balances, Company Generosity, and Total Plan Cost. The Minster Machine Company 401k Retirement Savings Plan currently has over 500 active participants and over $26.2M in plan assets.


 Investment Menu Statistics

No. of Investment Options
18
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. T. Rowe Price Stable Value Fund 29%
2. T. Rowe Price Growth Stock 9%
3. T. Rowe Price Capital Appreciation 9%

 Retirement Plan Details

Address 240 W. 5th Street
Minster, OH 45865 
Industry Manufacturing
Administrator Robert Sudhoff
Net Plan Assets $26,200,000
Total Participants 540
Avg Account Balance $59,000

 Compare Other Companies in Peer Group

Makino 75.5
Hardinge 73.9
Burr Oak Tool 71.0
Greenleaf Services 70.8
Ace Precision Machining 70.6
Oberg Industries 65.2

  Plan Service Providers

Corporate Trustee T. Rowe Price
Recordkeeper T. Rowe Price
Auditor Battelle & Battelle LLC