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Company:
Solomon Colors, Inc.
Plan:
Solomon Colors, Inc. Salary Deferral Plan
 

Solomon Colors, Inc.

73 Plan:

 
 
73
42
65
83
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 10 point difference between this plan's BrightScope Rating (73) and the top rated plan (83) could equate to:
[How is this calculated?]
6 additional years of work
Up to $47,400 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

Solomon Colors, Inc. Salary Deferral Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 73. This plan is in the top 35% of plans for Account Balances, Investment Menu Quality, Participation Rate, Salary Deferral, and Total Plan Cost. Solomon Colors, Inc. Salary Deferral Plan currently has over 100 active participants and over $11.4M in plan assets.


 Investment Menu Statistics

No. of Investment Options
20
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Unified Trust Stable Value Fund 21%
2. Dodge & Cox Income 20%
3. MFS Value 9%

 Retirement Plan Details

Address 4050 Color Plant Road
Springfield, IL 62702 
Industry Manufacturing
Administrator John Boxman
Sponsor Richard Solomon
Net Plan Assets $11,400,000
Total Participants 170
Avg Account Balance $67,000

 
Plan Service Providers

Administration Unified Trust Company
Recordkeeper Unified Trust Company
Auditor Martin, Hood, Friese & Associates