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Company:
The Vernon Company
Plan:
The Vernon Company 401k Plan for Administrative and Affiliated Company Employees
 

The Vernon Company

68 Plan:

 
 
68
20
62
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (68) and the top rated plan (88) could equate to:
[How is this calculated?]
12 additional years of work
Up to $50,700 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 Vernon Company 401k Plan for Administrative and Affiliated Company Employees is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 68. This plan is in the top 15% of plans for Investment Menu Quality. The Vernon Company 401k Plan for Administrative and Affiliated Company Employees currently has over 200 active participants and over $10.7M in plan assets.

 

 Retirement Plan Details

Address One Promotion Place
Newton, IA 50208-2066 
Industry Other Miscellaneous Nondurable Goods Merchant Wholesalers
Administrator Joseph Stocker
Net Plan Assets $10,700,000
Total Participants 200
Avg Account Balance $53,000

 Top 3 Funds in this 401k

1. Principal Large Cap S&P 500 Index 18%
2. Principal Guaranteed Interest Account 14%
3. Principal LifeTime 2020 9%

  Plan Service Providers

Insurance Carrier Principal Financial Group
Auditor Clifton Gunderson
Investment Adviser Morningstar, Inc.
Administration Morningstar, Inc.
Administration Principal Financial Group

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