Tecnico Corporation
71
Plan:
21
60
82
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (71) and the top rated plan (82) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $35,500 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
Tecnico Employee Stock Ownership Plan is a defined contribution plan with a profit-sharing component and leveraged ESOP component. This plan has a BrightScope Rating of 71, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity and Total Plan Cost. Tecnico Employee Stock Ownership Plan currently has over 400 active participants and over $34.2M in plan assets.
Retirement Plan Details
| Address |
831 Industrial Ave
Chesapeake, VA 23324-2614 |
| Industry | Manufacturing |
| Net Plan Assets | $34,200,000 |
| Total Participants | 450 |
| Avg Account Balance | $58,000 |
Compare Other Companies in Peer Group
| Gonsalves & Santucci | 66.5 |
| JX Enterprises | 65.7 |
| Talaria Company, LLC | 64.2 |
| Colonnas Shipyard | 64.0 |
| Bender Shipbuilding & Repair Co. | 57.0 |
| HASCO - Smoker Craft | 54.1 |
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