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Company:
ABB Inc.
Plan:
Personal Retirement Investment and Savings Management Plan for Employees of ABB Inc.
 

ABB Inc.

75 Plan:

 
 
75
6
59
90
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 (75) and the top rated plan (90) could equate to:
[How is this calculated?]
11 additional years of work
Up to $296,800 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.

 

 Comments

Plan Description

Personal Retirement Investment and Savings Management Plan for Employees of ABB Inc. is a defined contribution plan with a 401k feature and profit-sharing component. This plan has a BrightScope Rating of 75, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Salary Deferrals, Investment Menu Quality, and Account Balances. Personal Retirement Investment and Savings Management Plan for Employees of ABB Inc. currently has over 9,500 active participants and over $1.6B in plan assets.

 Plan Details

AddressPO Box 5308
Norwalk, CT 06856
IndustryOther Electrical Equipment & Component Mfg
AdministratorJohn W. Cutler, Jr.
Net Plan Assets$1,630,000,000
Total Participants16,000
Avg Account Balance$110,000

 Top 3 Investment Holdings

1. T. Rowe Price Growth Stock 13%
2. American Beacon Large Cap Value 9%
3. Morgan Stanley Institutional Emerging Markets 7%

 Plan Service Providers

Auditor Ernst & Young
Administration Fidelity
Investment Adviser Abb Business Services
Legal Counsel Cooley Godward
Administration Watson Wyatt and Company

 Plan Data Vault

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