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Company:
Mormac Marine Group, Inc.
Plan:
Mormac Marine Group, Inc. Savings and Retirement Plan 401k
 

Mormac Marine Group, Inc.

72 Plan:

 
 
72
21
56
84
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 12 point difference between this plan's BrightScope Rating (72) and the top rated plan (84) could equate to:
[How is this calculated?]
8 additional years of work
Up to $14,100 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

Mormac Marine Group, Inc. Savings and Retirement Plan 401k is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 72, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances. Mormac Marine Group, Inc. Savings and Retirement Plan 401k currently has over 100 active participants and over $11.3M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address 1 Landmark Sq
Stamford, CT 06901-2603 
Industry Transportation and Warehousing
Administrator Thomas Wynne
Net Plan Assets $11,300,000
Total Participants 130
Avg Account Balance $90,000

 Compare Other Companies in Peer Group

Maersk 79.7
Western Towboat Company 75.3
Odfjell USA 72.8
OSG Car Carriers 70.7
International Shipholding 69.6
Lake Champlain Transporation Company 63.1

 Top 3 Funds in this 401k

1. Principal Fixed Income 401(a)/(k) 47%
2. Principal Large Cap Growth I 6%
3. Principal Large Cap S&P 500 Index 5%

  Plan Service Providers

Insurance Carrier Principal Financial Group
Auditor Grant Thornton LLP

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