Magic Steel Corporation
76
Plan:
Magic Steel Corporation Employees 401k Profit Sharing Plan
76
25
63
92
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (76) and the top rated plan (92) could equate to:
[How is this calculated?]
12 additional years of work
Up to $111,500 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
Magic Steel Corporation Employees 401k Profit Sharing 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 and Participation Rate. Magic Steel Corporation Employees 401k Profit Sharing Plan currently has over 100 active participants and over $9.8M in plan assets.
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