Progress Energy, Inc.
83
Plan:
Progress Energy 401k Savings & Stock Ownership Plan
43
91
0
10
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100
For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (83) and the top rated plan (91) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $74,800 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
Progress Energy 401k Savings & 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, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. Progress Energy 401k Savings & Stock Ownership Plan currently has over 11,400 active participants and over $1.6B in plan assets.
Retirement Plan Details
| Address |
410 S Wilmington St
Raleigh, NC 27601 |
| Industry | Utilities |
| Administrator | Masceo S. Deschamps |
| Net Plan Assets | $1,620,000,000 |
| Total Participants | 11,000 |
| Avg Account Balance | $140,000 |
Compare Other Companies in Peer Group
| PacifiCorp | 81.5 |
| Xcel Energy | 79.8 |
| Ameren | 79.8 |
| National Grid USA | 78.9 |
| CenterPoint Energy | 78.8 |
| Constellation Energy Group | 78.1 |
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