Varney, Inc.
60
Plan:
11
57
81
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 21 point difference between this plan's BrightScope Rating (60) and the top rated plan (81) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $86,500 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
Varney, Inc. Employee Stock Ownership Plan and Trust is a defined contribution plan with a leveraged ESOP component. This plan has a BrightScope Rating of 60. This plan is in the top 15% of plans for Participation Rate and Total Plan Cost. Varney, Inc. Employee Stock Ownership Plan and Trust currently has over 200 active participants and over $2.2M in plan assets.
Retirement Plan Details
| Address |
Po Box 3187
Roanoke, VA 24015-1187 |
| Industry | Electrical Contractors and Other Wiring Installation Contractors |
| Administrator | Kathy Seymore-Lanter |
| Sponsor | Paul Bratton |
| Net Plan Assets | $2,170,000 |
| Total Participants | 210 |
| Avg Account Balance | $6,600 |
Compare Other Companies in Peer Group
| Land Mark Electric | 61.7 |
| Energy Erectors | 60.0 |
| Bowlin Group, LLC | 56.6 |
| RCD | 51.1 |
| S&S Electric Company | 51.1 |
| Vector Electric & Controls | 48.6 |
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