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Company:
The F.P. Horak Company
Plan:
The F.P. Horak Company 401k Profit Sharing Plan
 

The F.P. Horak Company

48 Plan: The F.P. Horak Company 401k Profit Sharing Plan

 
 
48
24
62
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 40 point difference between this plan's BrightScope Rating (48) and the top rated plan (88) could equate to:
[How is this calculated?]
20 additional years of work
Up to $236,100 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

The F.P. Horak Company 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 48. The F.P. Horak Company 401k Profit Sharing Plan currently has over 200 active participants and over $5.1M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
45
Plan Average: 24
Top 3 Funds in this 401k
1. John Hancock Funds II Lifestyle Balanced 22%
2. John Hancock Retirement Living through 2030 13%
3. John Hancock Retirement Living through 2025 11%

 Retirement Plan Details

Address 401 Saginaw Street
Po Box 925
Bay City, MI 48707-0925 
Industry Manufacturing
Administrator Kirk Leclere
Net Plan Assets $5,090,000
Total Participants 210
Avg Account Balance $35,000

  Plan Service Providers

Insurance Carrier John Hancock
Insurance Carrier Reassure America Life Insurance Co.
Insurance Carrier ING
Insurance Advisor/Broker Shoreline Insurance Services, Inc.
Insurance Advisor/Broker John D Cummings
Corporate Trustee RBS Citizens
Consultant Crowe Horwath LLP
Auditor Andrews Hooper & Pavlik P.L.C.

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