Hoover Precision Products, Inc.
58
Plan:
28
58
73
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 (58) and the top rated plan (73) could equate to:
[How is this calculated?]
[How is this calculated?]
5 additional years of work Up to $18,300 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
Hoover Precision Products, Inc. Hourly Employees' Retirement Income Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 58. This plan is in the top 35% of plans for Company Generosity and Investment Menu Quality. Hoover Precision Products, Inc. Hourly Employees' Retirement Income Plan currently has over 100 active participants and over $3.8M in plan assets.
Retirement Plan Details
| Address |
2200 Pendley Rd 899
Cumming, GA 30041-6448 |
| Industry | Manufacturing |
| Administrator | Lois N. Labarreare |
| Net Plan Assets | $3,810,000 |
| Total Participants | 110 |
| Avg Account Balance | $35,000 |
Compare Other Companies in Peer Group
| Hunter Manufacturing Company | 68.4 |
| PCI Industries | 68.0 |
| FMH | 63.3 |
| Computer Dynamics | 62.6 |
| Republic Storage Systems, LLC | 59.6 |
| Johnson Machine Works | 56.0 |
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