Floyd Lock and Safe Company
48
Plan:
Floyd Lock and Safe Company 401k Plan
27
56
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 38 point difference between this plan's BrightScope Rating (48) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
19 additional years of work Up to $207,700 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
Floyd Lock and Safe Company 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 48. This plan is in the top 35% of plans for Investment Menu Quality. Floyd Lock and Safe Company 401k Plan currently has over 500 active participants and over $5.1M in plan assets.
Retirement Plan Details
| Address |
9036 Grand Ave South
Bloomington, MN 55420 |
| Industry | Other Services to Buildings and Dwellings |
| Administrator | Alyse Kenny |
| Sponsor | David Hansen |
| Net Plan Assets | $5,140,000 |
| Total Participants | 570 |
| Avg Account Balance | $9,000 |
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