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Company:
Gorton's Inc.
Plan:
Savings Plan for Union Employees of Gorton's
 

Gorton's Inc.

60 Plan:

 
 
60
8
63
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 25 point difference between this plan's BrightScope Rating (60) and the top rated plan (85) could equate to:
[How is this calculated?]
12 additional years of work
Up to $210,100 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

Savings Plan for Union Employees of Gorton's is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 60. This plan is in the top 35% of plans for Investment Menu Quality and Total Plan Cost. Savings Plan for Union Employees of Gorton's currently has over 200 active participants and over $7.8M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
21
Plan Average: 24
Top 3 Funds in this 401k
1. Total Guaranteed Investment Contracts 30%
2. MassMutual RetireSMART Moderate 14%
3. MassMutual RetireSMART Moderate Growth 7%

 Retirement Plan Details

Address 128 Rogers Street
Gloucester, MA 01930 
Industry Seafood Product Preparation and Packaging
Administrator Stephanie Droney
Net Plan Assets $7,840,000
Total Participants 270
Avg Account Balance $39,000

  Plan Service Providers

Insurance Carrier MassMutual
Auditor Feeley & Driscoll, P.C.

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