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Company:
Madison Paper Company (Alsip Location)
Plan:
Madison Paper Company (Alsip Location) Section 401k Savings Plan for Bargaining Employees
 

Madison Paper Company (Alsip Location)

65 Plan:

 
 
65
10
61
84
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 19 point difference between this plan's BrightScope Rating (65) and the top rated plan (84) could equate to:
[How is this calculated?]
9 additional years of work
Up to $105,500 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

Madison Paper Company (Alsip Location) Section 401k Savings Plan for Bargaining Employees is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 65. This plan is in the top 35% of plans for Account Balances, Salary Deferral, and Total Plan Cost. Madison Paper Company (Alsip Location) Section 401k Savings Plan for Bargaining Employees currently has over 100 active participants and over $5.1M in plan assets.

 

 Retirement Plan Details

Address P.O. Box 129
Madison, ME 04950 
Industry Manufacturing
Administrator Frank Flood
Net Plan Assets $5,070,000
Total Participants 110
Avg Account Balance $46,000

 Compare Other Companies in Peer Group

Little Rapids 69.2
Finch Paper LLC 68.4
Erving Industries 66.6
Monadnock Paper Mills 62.6
Smart Papers Holdings LLC 60.2
Homasote Company 55.4

 Top 3 Funds in this 401k

1. Fidelity Advisor New Insights 17%
2. PIMCO Total Return 12%
3. Vanguard Target Retirement 2020 10%

  Plan Service Providers

Insurance Carrier New York Life
Recordkeeper New York Life
Auditor Calibre CPA Group PLLC

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