The United Illuminating Company
83
Plan:
The United Illuminating Company 401k/Employee Stock Ownership Plan
83
36
77
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (83) and the top rated plan (90) could equate to:
[How is this calculated?]
6 additional years of work
Up to $38,200 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.
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Retirement Plan Description
The United Illuminating Company 401k/Employee Stock Ownership Plan is a defined contribution plan with a profit-sharing component, stock bonus component, 401k feature, and leveraged ESOP component. This plan has a BrightScope Rating of 83. This plan is in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, Salary Deferral, and Total Plan Cost. The United Illuminating Company 401k/Employee Stock Ownership Plan currently has over 1,200 active participants and over $172.3M in plan assets.
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