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Company:
Palace Laundry, Inc.
Plan:
Linens of the Week Pension Plan
 

Palace Laundry, Inc.

50 Plan: Linens of the Week Pension Plan

 
 
50
29
58
82
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 32 point difference between this plan's BrightScope Rating (50) and the top rated plan (82) could equate to:
[How is this calculated?]
15 additional years of work
Up to $203,300 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

Linens of the Week Pension Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 50. Linens of the Week Pension Plan currently has over 500 active participants and over $7.4M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
18
Plan Average: 24
Top 3 Funds in this 401k
1. Federated Capital Preservation Fund 30%
2. T. Rowe Price Retirement 2020 9%
3. DWS S&P 500 Plus 9%

 
Plan Component Ratings

 Retirement Plan Details

Address 713 Lamont St Nw
Washington, DC 20010 
Industry Other Services (except Public Administration)
Administrator Joseph Esparraguera
Net Plan Assets $7,360,000
Total Participants 600
Avg Account Balance $28,000

 Compare Other Companies in Peer Group

Unitex Textile Rental Services 66.8
Servpro Holding Company 66.7
Industrial Towel & Uniform 60.6
Domestic Linen Supply and Laundry Co. 56.6
Faultless Laundry Company 52.4
Coyne International Enterprises 43.7

  Plan Service Providers

Recordkeeper ADP
Auditor Belfint Lyons & Shuman

 Comments