Salem Tools, Inc.
62
Plan:
Salem Tools, Inc. 401K Plan
3
59
84
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 22 point difference between this plan's BrightScope Rating (62) and the top rated plan (84) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $124,200 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
Salem Tools, Inc. 401K Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 35% of plans for Participation Rate. Salem Tools, Inc. 401K Plan currently has over 100 active participants and over $3.9M in plan assets.
Retirement Plan Details
| Address |
1602 Midland Rd
Salem, VA 24153-6427 |
| Industry | Manufacturing |
| Administrator | Joann C. Mabry |
| Net Plan Assets | $3,940,000 |
| Total Participants | 130 |
| Avg Account Balance | $33,000 |
Compare Other Companies in Peer Group
| Ogihara America | 69.2 |
| Penn United Technologies | 67.6 |
| Dupage Machine Products | 64.3 |
| Mcswain Manufacturing | 61.0 |
| Brantner & Associates | 49.1 |
| Habersham Metal Products | 37.2 |
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