Lakeland Tool and Engineering, Inc.
52
Plan:
Lakeland Tool and Engineering, Inc. 401k Plan and Trust
25
58
81
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 29 point difference between this plan's BrightScope Rating (52) and the top rated plan (81) could equate to:
[How is this calculated?]
[How is this calculated?]
13 additional years of work Up to $203,300 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
Lakeland Tool and Engineering, Inc. 401k Plan and Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 52. This plan is in the top 35% of plans for Investment Menu Quality. Lakeland Tool and Engineering, Inc. 401k Plan and Trust currently has fewer than 100 active participants and over $3.1M in plan assets.
Retirement Plan Details
| Address |
2939 N. 6th Avenue
North Anoka, MN 55303 |
| Industry | Manufacturing |
| Administrator | Marty Sweerin |
| Net Plan Assets | $3,120,000 |
| Total Participants | 95 |
| Avg Account Balance | $33,000 |
Compare Other Companies in Peer Group
| Iowa Rotocast Plastics | 67.0 |
| Danafilms | 55.6 |
| Schoeneck Containers | 53.5 |
| Poly Vinyl Company | 51.1 |
| New Berlin Plastics | 46.2 |
| Clear Pack Company | 35.4 |
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