Babcock Power Inc.
75
Plan:
41
74
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 12 point difference between this plan's BrightScope Rating (75) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $36,200 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
Babcock Power Savings and Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 75. This plan is in the top 15% of plans for Total Plan Cost. Babcock Power Savings and Profit Sharing Plan currently has over 1,600 active participants and over $101.4M in plan assets.
Retirement Plan Details
| Address |
One Corporate Place
55 Ferncroft Road Danvers, MA 01923 |
| Industry | Manufacturing |
| Administrator | John Heffernan |
| Net Plan Assets | $101,000,000 |
| Total Participants | 1,700 |
| Avg Account Balance | $61,000 |
Compare Other Companies in Peer Group
| KONE | 77.8 |
| Haas Automation | 74.5 |
| Grundfos Pumps | 72.6 |
| The ESAB Group | 70.6 |
| MTD Products | 69.8 |
| MacDermid | 65.0 |
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