Garr Tool Company, Inc.
76
Plan:
Garr Tool Co., Inc. Employees' Profit Sharing and Salary Reduction 401k Plan
34
65
80
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 4 point difference between this plan's BrightScope Rating (76) and the top rated plan (80) could equate to:
[How is this calculated?]
[How is this calculated?]
2 additional years of work Up to $76,700 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
Garr Tool Co., Inc. Employees' Profit Sharing and Salary Reduction 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 76, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Investment Menu Quality, Participation Rate, and Total Plan Cost. Garr Tool Co., Inc. Employees' Profit Sharing and Salary Reduction 401k Plan currently has over 100 active participants and over $18.8M in plan assets.
Retirement Plan Details
| Address |
7800 North Alger Road
Alma, MI 48801-9321 |
| Industry | Manufacturing |
| Administrator | John Leppien |
| Net Plan Assets | $18,800,000 |
| Total Participants | 120 |
| Avg Account Balance | $150,000 |
Compare Other Companies in Peer Group
| Heraeus Electro-Nite Co., LLC | 78.1 |
| Hurco Companies | 75.7 |
| Walker Tool & Die | 73.4 |
| Genesis Worldwide II | 66.9 |
| Murata Machinery USA | 64.8 |
| Hess Industries | 61.9 |
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