Springfield Area Transit Co., Inc.
52
Plan:
Transit Employees 401k Plan
27
59
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 35 point difference between this plan's BrightScope Rating (52) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
18 additional years of work Up to $231,400 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
Transit Employees 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 52. This plan is in the top 35% of plans for Participation Rate. Transit Employees 401k Plan currently has over 100 active participants and over $2.8M in plan assets.
Retirement Plan Details
| Address |
2840 Main Street
Springfield, MA 01107 |
| Industry | Transportation and Warehousing |
| Administrator | Kevin Lebo |
| Net Plan Assets | $2,830,000 |
| Total Participants | 130 |
| Avg Account Balance | $22,000 |
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