Magenic Technologies, Inc.
75
Plan:
Magenic Technologies, Inc. 401k Plan
30
75
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (75) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $150,800 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
Magenic Technologies, Inc. 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 75. This plan is in the top 15% of plans for Salary Deferral. Magenic Technologies, Inc. 401k Plan currently has over 400 active participants and over $17.0M in plan assets.
Retirement Plan Details
| Address |
4150 Olson Memorial Hwy Ste 400
Golden Valley, MN 55422-4823 |
| Industry | Custom Computer Programming Services |
| Administrator | Renee J. Bourget |
| Net Plan Assets | $17,000,000 |
| Total Participants | 410 |
| Avg Account Balance | $43,000 |
Compare Other Companies in Peer Group
| Ferguson Consulting | 78.9 |
| Netezza | 77.1 |
| Fundtech | 75.3 |
| Command Alkon | 72.2 |
| WennSoft | 69.6 |
| Partners Consulting Services | 58.2 |
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