Formetco, Incorporated
59
Plan:
Formetco Incorporated Profit Sharing and 401k Plan
32
62
82
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 23 point difference between this plan's BrightScope Rating (59) and the top rated plan (82) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $182,600 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
Formetco Incorporated Profit Sharing and 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 59. This plan is in the top 35% of plans for Account Balances, Investment Menu Quality, Participation Rate, and Total Plan Cost. Formetco Incorporated Profit Sharing and 401k Plan currently has over 100 active participants and over $7.4M in plan assets.
Retirement Plan Details
| Address |
2963 Pleasant Hill Road
P.O. Box 1989 Duluth, GA 30096 |
| Industry | Manufacturing |
| Administrator | Matthew Xander |
| Net Plan Assets | $7,400,000 |
| Total Participants | 120 |
| Avg Account Balance | $63,000 |
Compare Other Companies in Peer Group
| VSM Abrasives | 71.7 |
| Alpha Associates | 70.4 |
| Stanley Creations | 67.6 |
| Pentel of America, Ltd. | 66.4 |
| Leon Plastics | 66.3 |
| Web Printing Controls | 65.9 |
Comments