BrightScope Rating
Company:
ABB Inc.
Plan:
Personal Retirement Investment and Savings Management Plan for Employees of ABB Inc.
ABB Inc.
75
Plan:
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?]
[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.
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
| Address | PO Box 5308 Norwalk, CT 06856 |
| Industry | Other Electrical Equipment & Component Mfg |
| Administrator | John W. Cutler, Jr. |
| Net Plan Assets | $1,630,000,000 |
| Total Participants | 16,000 |
| 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% |
Other Companies in Peer Group
| The Gillette Company | 80.7 |
| Agilent Technologies | 79.2 |
| Becton, Dickinson and Company | 75.6 |
| Corning | 75.2 |
| Honda of America Mfg. | 70.3 |
| United States Steel Corporation... | 64.3 |
Plan Service Providers
| Auditor | Ernst & Young |
| Administration | Fidelity |
| Investment Adviser | Abb Business Services |
| Legal Counsel | Cooley Godward |
| Administration | Watson Wyatt and Company |
Comments