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Company:
Oakworks, Inc.
Plan:
Oakworks, Inc. 401k Profit Sharing Plan
 

Oakworks, Inc.

67 Plan: Oakworks, Inc. 401k Profit Sharing Plan

 
 
67
9
67
83
0
10
20
30
40
50
60
70
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100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (67) and the top rated plan (83) could equate to:
[How is this calculated?]
9 additional years of work
Up to $45,800 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

Oakworks, Inc. 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 67. This plan is in the top 35% of plans for Participation Rate. Oakworks, Inc. 401k Profit Sharing Plan currently has over 100 active participants and over $4.1M in plan assets.


 Investment Menu Statistics

No. of Investment Options
26
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. American Funds (Capital Group) Target Date Retirement 25%
2. American Funds AMCAP 18%
3. American Funds Washington Mutual 12%

 Retirement Plan Details

Address 923 East Wellspring Road
New Freedom, PA 17349 
Industry Manufacturing
Administrator Richard L. Shuman
Net Plan Assets $4,080,000
Total Participants 120
Avg Account Balance $36,000

 
Plan Service Providers

Recordkeeper American Funds (Capital Group)
Auditor Baker Tilly