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Company:
MAG Mutual Insurance Company
Plan:
MAG Mutual Insurance Company 401k Plan
 

MAG Mutual Insurance Company

75 Plan: MAG Mutual Insurance Company 401k Plan

 
 
75
35
72
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (75) and the top rated plan (90) could equate to:
[How is this calculated?]
10 additional years of work
Up to $90,500 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

MAG Mutual Insurance Company 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 75. This plan is in the top 15% of plans for Salary Deferral. MAG Mutual Insurance Company 401k Plan currently has over 200 active participants and over $13.3M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
22
Plan Average: 24
Top 3 Funds in this 401k
1. Schwab S&P 500 Index 12%
2. Invesco Stable Value Fund 11%
3. Schwab Value Advantage Money 10%

 Retirement Plan Details

Address 8 Piedmont Ctr
Atlanta, GA 30305 
Industry Finance and Insurance
Administrator Larry D. Miller
Net Plan Assets $13,300,000
Total Participants 280
Avg Account Balance $49,000

  Plan Service Providers

Recordkeeper Ascensus, Inc.
Investment Adviser CBIZ Financial Solutions, Inc.
Auditor Frazier & Deeter LLC

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