Educational Credit Management Corporation
71
Plan:
41
72
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (71) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $154,600 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
ECMC Profit Sharing and 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 71. This plan is in the top 15% of plans for Company Generosity and Total Plan Cost. ECMC Profit Sharing and 401k Plan currently has over 800 active participants and over $43.8M in plan assets.
Retirement Plan Details
| Address |
1 Imation Place
Building 2 Oakdale, MN 55128 |
| Industry | Other Financial Vehicles |
| Administrator | Kathleen King |
| Net Plan Assets | $43,800,000 |
| Total Participants | 870 |
| Avg Account Balance | $52,000 |
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