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Company:
Banner Engineering Corporation
Plan:
Profit Sharing Retirement Savings Plan and Trust
 

Banner Engineering Corporation

73 Plan: Profit Sharing Retirement Savings Plan and Trust

 
 
73
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86
0
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For the average 401k participant, the 13 point difference between this plan's BrightScope Rating (73) and the top rated plan (86) could equate to:
[How is this calculated?]
9 additional years of work
Up to $15,600 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

Profit Sharing Retirement Savings Plan and Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 73. This plan is in the top 15% of plans for Account Balances and Total Plan Cost. Profit Sharing Retirement Savings Plan and Trust currently has over 700 active participants and over $63.6M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
22
Plan Average: 24
Top 3 Funds in this 401k
1. Vanguard Balanced Index 22%
2. Vanguard 500 Index 20%
3. Vanguard Total Bond Market Index 11%

 Retirement Plan Details

Address 9714 10th Avenue North
Plymouth, MN 55441 
Industry Manufacturing
Administrator Paula Kmetz
Net Plan Assets $63,600,000
Total Participants 710
Avg Account Balance $96,000

  Plan Service Providers

Insurance Carrier AXA Equitable
Insurance Advisor/Broker Terry W. Dobson
Auditor Grant Thornton LLP

 Comments