The OceanAire, Inc.
53
Plan:
The OceanAire Employee 401k Profit Sharing and Savings Plan
22
48
74
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 21 point difference between this plan's BrightScope Rating (53) and the top rated plan (74) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $166,400 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
The OceanAire Employee 401k Profit Sharing and Savings 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 35% of plans for Total Plan Cost. The OceanAire Employee 401k Profit Sharing and Savings Plan currently has over 600 active participants and over $1.7M in plan assets.
Retirement Plan Details
| Address |
1300 Nicollet Ave Ste 2200
Minneapolis, MN 55403-2714 |
| Industry | Full-Service Restaurants |
| Administrator | Glenn C. Massey |
| Net Plan Assets | $1,710,000 |
| Total Participants | 630 |
| Avg Account Balance | $2,800 |
Compare Other Companies in Peer Group
| Hooters of America | 47.0 |
| Amerigo Restaurant | 45.0 |
| Western Restaurants | 44.6 |
| Eastbay Equities | 43.9 |
| Midland Food Services, LLC | 42.1 |
| Sidal | 33.5 |
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