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Company:
Magic Steel Corporation
Plan:
Magic Steel Corporation Employees 401k Profit Sharing Plan
 

Magic Steel Corporation

70 Plan: Magic Steel Corporation Employees 401k Profit Sharing Plan

 
 
70
6
63
86
0
10
20
30
40
50
60
70
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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?]
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

 Top 3 Funds in this 401k

1. Fidelity Contrafund 16%
2. Comerica Destination 2015 9%
3. Janus Balanced 8%

  Plan Service Providers

Insurance Carrier MetLife
Insurance Advisor/Broker MetLife
Auditor Beene Garter, LLP

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