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Company:
Torca Products, Inc.
Plan:
Torca Employee Retirement Savings Plan
 

Torca Products, Inc.

68 Plan:

 
 
68
32
60
78
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 10 point difference between this plan's BrightScope Rating (68) and the top rated plan (78) could equate to:
[How is this calculated?]
5 additional years of work
Up to $8,900 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

Torca Employee Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 68, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Investment Menu Quality. Torca Employee Retirement Savings Plan currently has over 100 active participants and over $5.4M in plan assets.

 

 Retirement Plan Details

Address 2430 E Walton Blvd
Auburn Hills, MI 48326-1956 
Industry Manufacturing
Administrator Richard Holmes
Net Plan Assets $5,430,000
Total Participants 130
Avg Account Balance $43,000

 Top 3 Funds in this 401k

1. John Hancock Funds II Lifestyle Balanced 21%
2. John Hancock Funds II Lifestyle Growth 9%
3. John Hancock Funds II Lifestyle Aggressive 6%

  Plan Service Providers

Auditor Baker Tilly
Administration John Hancock
Insurance Carrier John Hancock
Insurance Advisor/Broker AXA Equitable

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