Faribault Mills, Inc.
47
Plan:
3
55
79
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 32 point difference between this plan's BrightScope Rating (47) and the top rated plan (79) could equate to:
[How is this calculated?]
[How is this calculated?]
14 additional years of work Up to $175,400 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
Faribault Mills, Inc. Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 47. This plan is in the top 15% of plans for Investment Menu Quality. Faribault Mills, Inc. Retirement Plan currently has over 100 active participants and over $2.1M in plan assets.
Retirement Plan Details
| Address |
1500 2nd Ave Nw
Faribault, MN 55021-3018 |
| Industry | Manufacturing |
| Administrator | Gary H. Glienke |
| Net Plan Assets | $2,140,000 |
| Total Participants | 110 |
| Avg Account Balance | $19,000 |
Compare Other Companies in Peer Group
| Liberty Embroidery | 56.6 |
| The O'Dell | 56.1 |
| Griffin Manufacturing Company | 50.9 |
| Burke Mills | 46.7 |
| National Nonwovens | 42.1 |
| Kings Plush | 33.0 |
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