R.J. Tower Corporation
54
Plan:
33
58
81
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 27 point difference between this plan's BrightScope Rating (54) and the top rated plan (81) could equate to:
[How is this calculated?]
[How is this calculated?]
12 additional years of work Up to $165,200 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
Tower Automotive Union 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 54. This plan is in the top 15% of plans for Total Plan Cost. Tower Automotive Union 401k Plan currently has over 2,600 active participants and over $43.6M in plan assets.
Retirement Plan Details
| Address |
648 Monroe Ave Nw Ste 410
Grand Rapids, MI 49503-1453 |
| Industry | Manufacturing |
| Administrator | Jeffery J. Stegenga |
| Sponsor | Jeffery J. Stegena |
| Net Plan Assets | $43,600,000 |
| Total Participants | 2,700 |
| Avg Account Balance | $16,000 |
Compare Other Companies in Peer Group
| ASMO North America, LLC | 62.5 |
| Sumitomo Electric Wiring Systems | 60.7 |
| Modine Manufacturing Company | 59.7 |
| Woodbridge Holdings | 59.0 |
| Trim Masters | 56.3 |
| Fluid Routing Solutions | 52.0 |
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