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Company:
L & M Supply, Inc.
Plan:
L & M Supply Retirement Savings Plan
 

L & M Supply, Inc.

62 Plan: L & M Supply Retirement Savings Plan

 
 
62
29
54
79
0
10
20
30
40
50
60
70
80
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100
For the average 401k participant, the 17 point difference between this plan's BrightScope Rating (62) and the top rated plan (79) could equate to:
[How is this calculated?]
8 additional years of work
Up to $110,700 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

L & M Supply Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 15% of plans for Investment Menu Quality. L & M Supply Retirement Savings Plan currently has over 300 active participants and over $12.2M in plan assets.

 

 Retirement Plan Details

Address 1200 E Us Highway 169
Grand Rapids, MN 55744-3235 
Industry Retail Trade
Administrator John M. Skrbec
Net Plan Assets $12,200,000
Total Participants 350
Avg Account Balance $35,000

 Top 3 Funds in this 401k

1. Principal Money Market 10%
2. Principal Guaranteed Interest Account 10%
3. Principal Large Cap Blend I 9%

  Plan Service Providers

Insurance Carrier Principal Financial Group
Administration Principal Financial Group
Auditor Glorvigen, Theis, Lind & Co PLLP

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