Solomon Colors, Inc.
71
Plan:
3
60
82
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (71) and the top rated plan (82) could equate to:
[How is this calculated?]
[How is this calculated?]
5 additional years of work Up to $112,200 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 71, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Investment Menu Quality. Solomon Colors, Inc. Salary Deferral Plan currently has over 100 active participants and over $5.7M in plan assets.
Retirement Plan Details
| Address |
4050 N Color Plant Rd
Springfield, IL 62702-1060 |
| Industry | Manufacturing |
| Administrator | John Boxman |
| Sponsor | Richard Solomon |
| Net Plan Assets | $5,740,000 |
| Total Participants | 140 |
| Avg Account Balance | $42,000 |
Compare Other Companies in Peer Group
| North Georgia Brick Company | 70.7 |
| Homer Laughlin China Company | 65.1 |
| Minco Acquisition | 62.8 |
| Mackenzie-Childs, Ltd. | 60.6 |
| Aluchem | 59.1 |
| S & S Industries | 58.8 |
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