Friend Tire Company
51
Plan:
Employee Savings and Investment Plan of Friend Tire Company
33
60
81
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 30 point difference between this plan's BrightScope Rating (51) and the top rated plan (81) could equate to:
[How is this calculated?]
[How is this calculated?]
14 additional years of work Up to $188,100 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
Employee Savings and Investment Plan of Friend Tire Company is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 51. This plan is in the top 35% of plans for Account Balances. Employee Savings and Investment Plan of Friend Tire Company currently has over 200 active participants and over $6.9M in plan assets.
Retirement Plan Details
| Address |
1500 Indiana Avenue
Salem, VA 24153-7058 |
| Industry | Wholesale Trade |
| Administrator | Timothy K. Hubbard |
| Net Plan Assets | $6,870,000 |
| Total Participants | 220 |
| Avg Account Balance | $32,000 |
Compare Other Companies in Peer Group
| Midway Ford Truck Center | 63.4 |
| Cooper-Kenworth | 63.2 |
| Whatever It Takes Transmissions &... | 61.7 |
| Nestor Sales, LLC | 59.4 |
| Allied Oil & Supply | 59.2 |
| Capital Tire | 55.1 |
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