Springfield Medical Associates, Inc.
84
Plan:
35
73
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 3 point difference between this plan's BrightScope Rating (84) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
2 additional years of work Up to $14,400 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
Springfield Medical Associates, 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 84, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity, Participation Rate, and Total Plan Cost. Springfield Medical Associates, Inc. 401k Plan and Trust currently has over 100 active participants and over $8.6M in plan assets.
Retirement Plan Details
| Address |
2150 Main Street
Springfield, MA 01104 |
| Industry | Offices of Physicians (except Mental Health Specialists) |
| Administrator | Michael P. Coppola |
| Net Plan Assets | $8,570,000 |
| Total Participants | 120 |
| Avg Account Balance | $74,000 |
Compare Other Companies in Peer Group
| Hematology & Oncology... | 79.3 |
| Potomac Valley Orthopaedic... | 76.1 |
| Heart & Vascular Clinic of... | 74.4 |
| Bienville Orthopaedic Specialists,... | 73.9 |
| Ocala Eye, PA | 68.6 |
| NeuroCare Center | 35.2 |
Comments