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Company:
Machine Tool and Gear, Inc.
Plan:
Machine Tool and Gear Hourly and Salaried Employees' 401k Plan
 

Machine Tool and Gear, Inc.

45 Plan: Machine Tool and Gear Hourly and Salaried Employees' 401k Plan

 
 
45
10
57
82
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 37 point difference between this plan's BrightScope Rating (45) and the top rated plan (82) could equate to:
[How is this calculated?]
15 additional years of work
Up to $304,600 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

Machine Tool and Gear Hourly and Salaried Employees' 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 45. Machine Tool and Gear Hourly and Salaried Employees' 401k Plan currently has over 200 active participants and over $1.0M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address 1771 Harmon Rd Suite 200
Auburn Hills, MI 48326 
Industry Manufacturing
Administrator Scott Wright
Net Plan Assets $1,030,000
Total Participants 200
Avg Account Balance $5,100

 Compare Other Companies in Peer Group

Luverne Truck Equipment 54.1
Martinrea Fabco Automotive... 51.0
Cataler North America 49.7
IFA Rotorion - North America LLC 48.4
Vantage Mobility International, LLC 45.9
Sellner-Behr 45.8

 Top 3 Funds in this 401k

1. Putnam Equity Income 14%
2. Putnam Stable Value Fund 13%
3. Oppenheimer Developing Markets 10%

  Plan Service Providers

Corporate Trustee Mercer
Recordkeeper Mercer
Auditor Mcclain Smith and Wenz Pc

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