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Company:
Mims Distributing Company, Inc.
Plan:
Mims Distributing Company 401k Plan
 

Mims Distributing Company, Inc.

61 Plan: Mims Distributing Company 401k Plan

 
 
61
22
62
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 29 point difference between this plan's BrightScope Rating (61) and the top rated plan (90) could equate to:
[How is this calculated?]
16 additional years of work
Up to $177,200 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

Mims Distributing Company 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 61. This plan is in the top 15% of plans for Investment Menu Quality. Mims Distributing Company 401k Plan currently has over 100 active participants and over $4.9M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
22
Plan Average: 24
Top 3 Funds in this 401k
1. Davis New York Venture 18%
2. American Funds EuroPacific Growth 12%
3. John Hancock Funds II Lifestyle Moderate 9%

 Retirement Plan Details

Address 2100 Harrod Street
Raleigh, NC 27604 
Industry Wholesale Trade
Administrator Howard Mims
Net Plan Assets $4,900,000
Total Participants 120
Avg Account Balance $48,000

  Plan Service Providers

Auditor Batchelor, Tillery & Roberts LLP
Insurance Carrier John Hancock
Insurance Advisor/Broker UBS Financial Services, Inc.
Insurance Advisor/Broker Janney Montgomery Scott
Insurance Carrier MassMutual

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