McMichael Mills, Inc.
55
Plan:
McMichael Mills, Inc. 401k Savings Plan
11
55
79
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 24 point difference between this plan's BrightScope Rating (55) and the top rated plan (79) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $156,400 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
McMichael Mills, Inc. 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 55. This plan is in the top 15% of plans for Investment Menu Quality. McMichael Mills, Inc. 401k Savings Plan currently has over 200 active participants and over $2.9M in plan assets.
Retirement Plan Details
| Address |
130 Shakey Rd
Stoneville, NC 27027-8587 |
| Industry | Manufacturing |
| Administrator | Dalton L. Mcmichael, Jr. |
| Net Plan Assets | $2,920,000 |
| Total Participants | 260 |
| Avg Account Balance | $12,000 |
Compare Other Companies in Peer Group
| 1888 Mills, LLC | 62.8 |
| Fabtex | 53.6 |
| Rhode Island Textile Company | 49.6 |
| Orian Rugs | 49.3 |
| Sylvania Yarn Systems | 44.7 |
| Charles D. Owen Manufacturing Company | 41.2 |
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