Summit Mortgage Corporation
53
Plan:
Summit Mortgage 401k Retirement Plan
23
61
88
0
10
20
30
40
50
60
70
80
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100
For the average 401k participant, the 35 point difference between this plan's BrightScope Rating (53) and the top rated plan (88) could equate to:
[How is this calculated?]
[How is this calculated?]
17 additional years of work Up to $220,600 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
Summit Mortgage 401k Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 53. This plan is in the top 15% of plans for Investment Menu Quality. Summit Mortgage 401k Retirement Plan currently has over 300 active participants and over $4.0M in plan assets.
Retirement Plan Details
| Address |
13355 10th Avenue North - Suite 100
Plymouth, MN 55441 |
| Industry | Real Estate Credit |
| Administrator | Diane Henson |
| Net Plan Assets | $4,030,000 |
| Total Participants | 390 |
| Avg Account Balance | $10,000 |
Compare Other Companies in Peer Group
| Network Funding, L.P. | 61.9 |
| Pioneer Credit Company | 55.7 |
| Mortgage Investors Group | 54.6 |
| Personal Finance Company LLC | 47.9 |
| Stearns Lending | 47.8 |
| Hutcheson Enterprises | 36.8 |
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