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Company:
Gates Automotive Corporation
Plan:
Gates Automotive Group Employees' Retirement Plan
 

Gates Automotive Corporation

62 Plan: Gates Automotive Group Employees' Retirement Plan

 
 
62
45
62
77
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 (62) and the top rated plan (77) could equate to:
[How is this calculated?]
7 additional years of work
Up to $71,400 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

Gates Automotive Group Employees' 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 Salary Deferral. Gates Automotive Group Employees' Retirement Plan currently has over 200 active participants and over $11.4M in plan assets.


 Investment Menu Statistics

No. of Investment Options
9
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Wasatch Large Cap Value 24%
2. 1st Source Bank Low Risk Fund 17%
3. 1st Source Bank International Equity 14%

 Retirement Plan Details

Address 640 W. Ireland Road
South Bend, IN 46614 
Industry New Car Dealers
Administrator Joel D. Gates
Net Plan Assets $11,400,000
Total Participants 220
Avg Account Balance $76,000

 
Plan Service Providers

Corporate Trustee 1st Source Bank
Recordkeeper 1st Source Bank
Consultant 1st Source Bank
Auditor McGladrey Wealth Management LLC