Hermes Abrasives, Ltd.
62
Plan:
Hermes Abrasives, Ltd. Retirement Savings Plan
32
63
78
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (62) and the top rated plan (78) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $142,200 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
Hermes Abrasives, Ltd. Retirement Savings 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 Account Balances, Participation Rate, and Total Plan Cost. Hermes Abrasives, Ltd. Retirement Savings Plan currently has over 100 active participants and over $10.8M in plan assets.
Retirement Plan Details
| Address |
524 Viking Drive
Virginia Beach, VA 23452 |
| Industry | Manufacturing |
| Administrator | Robert Bishop |
| Net Plan Assets | $10,800,000 |
| Total Participants | 180 |
| Avg Account Balance | $61,000 |
Compare Other Companies in Peer Group
| Pericom Semiconductor | 75.1 |
| Elopak | 74.2 |
| Thermo-Twin Industries | 71.3 |
| Niles Precision Company | 60.9 |
| Nevamar Company, LLC | 52.5 |
| Silberline Manufacturing Co. | 52.0 |
Comments