Salem Electric Company, Inc.
53
Plan:
Salem Electric Company Retirement Savings Plan
3
59
86
0
10
20
30
40
50
60
70
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90
100
For the average 401k participant, the 33 point difference between this plan's BrightScope Rating (53) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
16 additional years of work Up to $180,300 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
Salem Electric Company Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 53. Salem Electric Company Retirement Savings Plan currently has over 200 active participants and over $7.6M in plan assets.
Retirement Plan Details
| Address |
P.O. Box 26784
Winston-Salem, NC 27114 |
| Industry | Electrical Contractors and Other Wiring Installation Contractors |
| Administrator | Wynona I. Sink |
| Sponsor | F. Brad Myers |
| Net Plan Assets | $7,570,000 |
| Total Participants | 270 |
| Avg Account Balance | $28,000 |
Compare Other Companies in Peer Group
| Vellutini | 65.9 |
| Feyen Zylstra L.L.C. | 62.5 |
| Allied Electric | 58.6 |
| Marathon Electrical Contractors | 54.7 |
| Terry's Electric | 53.5 |
| Unity Electric Co. | 51.2 |
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