Varsity Lincoln Mercury, Inc.
66
Plan:
Varsity Lincoln Mercury 401k Plan
48
61
72
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 6 point difference between this plan's BrightScope Rating (66) and the top rated plan (72) could equate to:
[How is this calculated?]
[How is this calculated?]
2 additional years of work Up to $105,900 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
Varsity Lincoln Mercury 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 66, placing it in the top 15% of all plans in its peer group. This plan is also in the top 35% of plans for Salary Deferral. Varsity Lincoln Mercury 401k Plan currently has over 100 active participants and over $5.3M in plan assets.
Retirement Plan Details
| Address |
Po Box 633
Novi, MI 48376-0633 |
| Industry | New Car Dealers |
| Administrator | Louis C. Stanford |
| Net Plan Assets | $5,300,000 |
| Total Participants | 190 |
| Avg Account Balance | $29,000 |
Compare Other Companies in Peer Group
| Tom O'Brien Northside | 64.9 |
| Napleton's Auto Werks | 61.5 |
| Hubler Chevrolet | 60.0 |
| Cavender Oldsmobile Company | 57.5 |
| Folsom Lake Ford | 57.5 |
| Malouf Buick-Pontiac-GMC Truck | 54.5 |
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