Steinway Musical Instruments, Inc.
70
Plan:
Savings Plan for Employees of Steinway Musical Instruments, Inc. and Subsidiaries
40
68
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (70) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $107,400 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
Savings Plan for Employees of Steinway Musical Instruments, Inc. and Subsidiaries is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70. This plan is in the top 15% of plans for Account Balances and Participation Rate. Savings Plan for Employees of Steinway Musical Instruments, Inc. and Subsidiaries currently has over 200 active participants and over $21.4M in plan assets.
Retirement Plan Details
| Address |
800 South Street, Suite 305
Waltham, MA 02453 |
| Industry | Manufacturing |
| Administrator | Dennis M. Hanson |
| Net Plan Assets | $21,400,000 |
| Total Participants | 230 |
| Avg Account Balance | $96,000 |
Compare Other Companies in Peer Group
| AGR International | 77.1 |
| Multivac | 77.0 |
| Peer Bearing Company | 76.1 |
| Bio-Tek Instruments | 75.4 |
| J.C. Steele and Sons | 69.8 |
| Satellite Industries | 69.2 |
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