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

Schaeffler Group USA Inc.

72 Plan: Schaeffler Group USA Savings Retirement Plan

 
 
72
42
69
85
0
10
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30
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100
For the average 401k participant, the 13 point difference between this plan's BrightScope Rating (72) and the top rated plan (85) could equate to:
[How is this calculated?]
7 additional years of work
Up to $81,900 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 72. This plan is in the top 35% of plans for Account Balances, Company Generosity, Participation Rate, and Total Plan Cost. Schaeffler Group USA Savings Retirement Plan currently has over 6,600 active participants and over $356.4M in plan assets.


 Investment Menu Statistics

No. of Investment Options
35
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Fidelity Freedom Funds 32%
2. T. Rowe Price Dividend Growth 8%
3. Fidelity Contrafund 8%

 Retirement Plan Details

Address 308 Springhill Farm Rd
Fort Mill, SC 29715 
Industry Manufacturing
Administrator Timothy Zygmont
Net Plan Assets $356,000,000
Total Participants 6,600
Avg Account Balance $57,000

 Compare Other Companies in Peer Group

Rexnord 75.4
AGCO 73.3
Worthington Industries 72.6
Terex 72.2
Valmont Industries 69.8
Crown Equipment 69.5

 
Plan Service Providers

Recordkeeper Fidelity
Auditor Blacka Jessup & Henderson LLP