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Company:
Nordic Fiberglass, Inc.
Plan:
Nordic Fiberglass, Inc. Profit Sharing 401k Plan
 

Nordic Fiberglass, Inc.

70 Plan: Nordic Fiberglass, Inc. Profit Sharing 401k Plan

 
 
70
22
55
78
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (70) and the top rated plan (78) could equate to:
[How is this calculated?]
4 additional years of work
Up to $25,000 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

Nordic Fiberglass, Inc. Profit Sharing 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity and Participation Rate. Nordic Fiberglass, Inc. Profit Sharing 401k Plan currently has over 100 active participants and over $6.5M in plan assets.

 

 Retirement Plan Details

Address Po Box 27
Warren, MN 56762-0027 
Industry Manufacturing
Administrator Jay Barr Tescher
Net Plan Assets $6,550,000
Total Participants 120
Avg Account Balance $60,000

 Compare Other Companies in Peer Group

Pinta Foamtec 63.2
Intek Plastics 60.4
Shamrock Technologies 58.6
Mocap 58.1
Vinylex 54.6
LPS Industries, LLC 54.2

 Top 3 Funds in this 401k

1. Delaware Diversified Income 28%
2. American Funds EuroPacific Growth 13%
3. American Beacon Large Cap Value 8%

  Plan Service Providers

Recordkeeper Alerus Financial
Auditor Drees, Riskey and Vallager, Ltd

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