Magnet, LLC
55
Plan:
The Magnet Group 401k Benefit Plan
25
58
79
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 24 point difference between this plan's BrightScope Rating (55) and the top rated plan (79) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $193,200 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 Magnet Group 401k Benefit Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 55. The Magnet Group 401k Benefit Plan currently has over 500 active participants and over $8.5M in plan assets.
Retirement Plan Details
| Address |
7 Chamber Dr
Washington, MO 63090-5258 |
| Industry | Manufacturing |
| Administrator | David E. Peden |
| Net Plan Assets | $8,480,000 |
| Total Participants | 520 |
| Avg Account Balance | $16,000 |
Compare Other Companies in Peer Group
| Nifco America | 59.7 |
| Donatelle Plastics | 59.0 |
| Vaupell Industrial Plastics | 56.2 |
| Vomela Specialty Company | 55.1 |
| Display Pack | 54.6 |
| Spotless Enterprises | 51.2 |
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