Merritt's Boat & Engine Works, Inc
59
Plan:
Merritt's Boat & Engine 401k Plan
59
5
60
83
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 24 point difference between this plan's BrightScope Rating (59) and the top rated plan (83) could equate to:
[How is this calculated?]
11 additional years of work
Up to $181,700 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.
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Retirement Plan Description
Merritt's Boat & Engine 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 15% of plans for Participation Rate. Merritt's Boat & Engine 401k Plan currently has over 100 active participants and over $4.4M in plan assets.
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