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Company:
Herrin-Gear Chevrolet Company, Inc. and Herrin-Gear, Inc.
Plan:
Herrin-Gear 401k Retirement Plan
 

Herrin-Gear Chevrolet Company, Inc. and Herrin-Gear, Inc.

55 Plan: Herrin-Gear 401k Retirement Plan

 
 
55
48
61
73
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 (55) and the top rated plan (73) could equate to:
[How is this calculated?]
8 additional years of work
Up to $91,200 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

Herrin-Gear 401k Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 55. This plan is in the top 35% of plans for Participation Rate. Herrin-Gear 401k Retirement Plan currently has over 200 active participants and over $6.7M in plan assets.


 Investment Menu Statistics

No. of Investment Options
51
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. John Hancock Lifestyle Balanced 21%
2. John Hancock Lifestyle Growth 9%
3. John Hancock Money Market 8%

 Retirement Plan Details

Address P. O. Box 329
Jackson, MS 39205 
Industry New Car Dealers
Administrator Barry Nash
Net Plan Assets $6,660,000
Total Participants 280
Avg Account Balance $24,000

 
Plan Service Providers

Insurance Carrier John Hancock
Insurance Advisor/Broker Maston L. Ballew
Auditor Bkd, LLP