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Company:
Garr Tool Company, Inc.
Plan:
Garr Tool Co., Inc. Employees' Profit Sharing and Salary Reduction 401k Plan
 

Garr Tool Company, Inc.

76 Plan: Garr Tool Co., Inc. Employees' Profit Sharing and Salary Reduction 401k Plan

 
 
76
31
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?]
2 additional years of work
Up to $96,400 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

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, and Participation Rate. 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.


 Investment Menu Statistics

No. of Investment Options
38
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Total Certificates of Deposit 7%
2. Gartmore Stable Value 7%
3. Neuberger Berman Genesis 6%

 
Plan Component Ratings

 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

Red Bud Industries 75.9
Hurco Companies 75.7
Walker Tool & Die 73.3
Genesis Worldwide II 66.8
Murata Machinery USA 65.1
Hess Industries 61.9

  Plan Service Provider

Auditor Yeo & Yeo, P.C.