Magic Steel Corporation
70
Plan:
Magic Steel Corporation Employees 401k Profit Sharing Plan
6
63
86
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 (70) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $100,100 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
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 70. This plan is in the top 15% of plans for Account Balances and Investment Menu Quality. Magic Steel Corporation Employees 401k Profit Sharing Plan currently has over 100 active participants and over $8.8M in plan assets.
Retirement Plan Details
| Address |
4242 Clay Avenue Sw
Wyoming, MI 49548 |
| Industry | Wholesale Trade |
| Administrator | Robert W. Perkins, Cfo |
| Net Plan Assets | $8,780,000 |
| Total Participants | 150 |
| Avg Account Balance | $58,000 |
Compare Other Companies in Peer Group
| Hitachi Metals America, Ltd. | 79.1 |
| Liberty Steel Products | 64.3 |
| Pierce Aluminum Co. | 63.1 |
| Frederick Steel Company | 63.0 |
| Pacesetter Steel Service | 56.5 |
| Peerless Steel Company | 53.3 |
Comments