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Company:
Faegre & Benson, LLP
Plan:
Faegre & Benson Basic Retirement Plan
 

Faegre & Benson, LLP

81 Plan:

 
 
81
46
80
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (81) and the top rated plan (90) could equate to:
[How is this calculated?]
7 additional years of work
Up to $49,100 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

Faegre & Benson Basic Retirement Plan is a defined contribution plan with a profit-sharing component. This plan has a BrightScope Rating of 81. This plan is in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, and Total Plan Cost. Faegre & Benson Basic Retirement Plan currently has over 700 active participants and over $118.6M in plan assets.

 

 Retirement Plan Details

Address 2200 Wells Fargo Center
90 South Seventh Street
Minneapolis, MN 55402 
Industry Offices of Lawyers
Administrator Lisa K Simon
Net Plan Assets $119,000,000
Total Participants 750
Avg Account Balance $170,000

 Top 3 Funds in this 401k

1. Self-Directed Brokerage Accounts 56%
2. Vanguard Institutional Index 6%
3. Vanguard Target Retirement 2025 5%

  Plan Service Providers

Recordkeeper Milliman
Corporate Trustee Wilmington Trust Corp.
Auditor McGladrey

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