Hoover, Inc.
57
Plan:
Hoover, Inc. 401k Profit Sharing Plan
21
69
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 30 point difference between this plan's BrightScope Rating (57) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
16 additional years of work Up to $194,700 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.
Retirement Plan Description
Hoover, Inc. 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 57. This plan is in the top 15% of plans for Participation Rate and Total Plan Cost. Hoover, Inc. 401k Profit Sharing Plan currently has over 200 active participants and over $17.0M in plan assets.
Retirement Plan Details
| Address |
P.O. Box 400
Lavergne, TN 37086-0400 |
| Industry | Mining, Quarrying, and Oil and Gas Extraction |
| Administrator | George Bright |
| Net Plan Assets | $17,000,000 |
| Total Participants | 240 |
| Avg Account Balance | $71,000 |
Compare Other Companies in Peer Group
| Patriot Coal | 82.0 |
| Compass Minerals International | 74.1 |
| Tiller | 73.6 |
| Alpha Natural Resources, LLC | 69.2 |
| AMCOL International | 68.3 |
| Appalachia Holding Company | 55.4 |
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