MAG Mutual Insurance Company
69
Plan:
MAG Mutual Insurance Company 401k Plan
40
73
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 18 point difference between this plan's BrightScope Rating (69) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $93,500 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 69. This plan is in the top 35% of plans for Participation Rate, Salary Deferral, and Total Plan Cost. MAG Mutual Insurance Company 401k Plan currently has over 200 active participants and over $13.2M in plan assets.
Retirement Plan Details
| Address |
83525 Piedmont Road
Bldg 8 600 Atlanta, GA 30305 |
| Industry | Finance and Insurance |
| Administrator | Larry D. Miller |
| Net Plan Assets | $13,200,000 |
| Total Participants | 300 |
| Avg Account Balance | $45,000 |
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