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Company:
Schaeffler Group USA Inc.
Plan:
Schaeffler Group USA Savings Retirement Plan
 

Schaeffler Group USA Inc.

71 Plan: Schaeffler Group USA Savings Retirement Plan

 
 
71
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68
82
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For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (71) and the top rated plan (82) could equate to:
[How is this calculated?]
6 additional years of work
Up to $46,900 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

Schaeffler Group USA Savings Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 71. This plan is in the top 35% of plans for Account Balances, Company Generosity, Investment Menu Quality, Participation Rate, and Total Plan Cost. Schaeffler Group USA Savings Retirement Plan currently has over 6,100 active participants and over $327.4M in plan assets.


 Investment Menu Statistics

No. of Investment Options
21
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. T. Rowe Price Dividend Growth 8%
2. Fidelity Contrafund 8%
3. Fidelity Managed Income Portfolio 6%

 Retirement Plan Details

Address 308 Springhill Farm Rd
Fort Mill, SC 29715 
Industry Manufacturing
Administrator Timothy Zygmont
Net Plan Assets $327,000,000
Total Participants 6,100
Avg Account Balance $57,000

 Compare Other Companies in Peer Group

Barry-Wehmiller Companies 75.2
Terex 71.8
Valmont Industries 69.6
Vermeer 69.3
Regal Beloit 69.3
Crown Equipment 68.7

  Plan Service Providers

Recordkeeper Fidelity
Auditor Blacka Jessup & Henderson LLP