Johnson's Modern Electric Company,
36
Plan:
Johnson's Modern Electric Co. Inc. 401k PS Plan
4
58
84
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 48 point difference between this plan's BrightScope Rating (36) and the top rated plan (84) could equate to:
[How is this calculated?]
[How is this calculated?]
22 additional years of work Up to $328,000 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
Johnson's Modern Electric Co. Inc. 401k PS Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 36. This plan is in the top 35% of plans for Investment Menu Quality. Johnson's Modern Electric Co. Inc. 401k PS Plan currently has over 200 active participants and over $2.8M in plan assets.
Retirement Plan Details
| Address |
6629 Old Us 421 Highway
East Bend, NC 27018-8733 |
| Industry | Electrical Contractors and Other Wiring Installation Contractors |
| Administrator | Steven G. Johnson |
| Net Plan Assets | $2,840,000 |
| Total Participants | 260 |
| Avg Account Balance | $11,000 |
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