M-J Insurance, Inc.
77
Plan:
Employees Profit Sharing and Salary Deferral Plan of Mj Insurance, Inc.
4
59
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (77) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
5 additional years of work Up to $61,000 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
Employees Profit Sharing and Salary Deferral Plan of Mj Insurance, Inc. is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 77, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Investment Menu Quality, and Salary Deferral. Employees Profit Sharing and Salary Deferral Plan of Mj Insurance, Inc. currently has over 100 active participants and over $9.0M in plan assets.
Retirement Plan Details
| Address |
9925 Priority Way West Drive
Indianapolis, IN 46240 |
| Industry | Finance and Insurance |
| Administrator | Nancy L. Rife |
| Sponsor | Brian Friend |
| Net Plan Assets | $9,010,000 |
| Total Participants | 120 |
| Avg Account Balance | $79,000 |
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