Gerdau MacSteel, Inc.
70
Plan:
70
10
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 17 point difference between this plan's BrightScope Rating (70) and the top rated plan (87) could equate to:
[How is this calculated?]
10 additional years of work
Up to $81,200 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.
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Retirement Plan Description
Gerdau MacSteel Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70. This plan is in the top 35% of plans for Account Balances, Participation Rate, Salary Deferral, and Total Plan Cost. Gerdau MacSteel Savings Plan currently has over 900 active participants and over $52.5M in plan assets.
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