Tool Products, Inc.
56
Plan:
Tool Products, Inc. Retirement Savings Plan
41
66
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 29 point difference between this plan's BrightScope Rating (56) and the top rated plan (85) could equate to:
[How is this calculated?]
[How is this calculated?]
14 additional years of work Up to $195,100 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
Tool Products, Inc. Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 56. This plan is in the top 35% of plans for Account Balances and Total Plan Cost. Tool Products, Inc. Retirement Savings Plan currently has over 300 active participants and over $19.9M in plan assets.
Retirement Plan Details
| Address |
5100 Boone Ave N
Minneapolis, MN 55428-4025 |
| Industry | Manufacturing |
| Administrator | William H. Whalen |
| Net Plan Assets | $19,900,000 |
| Total Participants | 340 |
| Avg Account Balance | $59,000 |
Compare Other Companies in Peer Group
| Edstrom Industries | 72.4 |
| Bard Manufacturing Company | 71.4 |
| Atlas Abc | 71.1 |
| Independent Can Company | 69.7 |
| Shapes L.L.C. T./A Aluminum Shapes | 63.7 |
| MISA Metals | 58.9 |
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