Herrin-Gear Chevrolet Company, Inc.
47
Plan:
Herrin-Gear 401k Retirement Plan
14
57
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 28 point difference between this plan's BrightScope Rating (47) and the top rated plan (75) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $237,400 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 47. This plan is in the top 15% of plans for Investment Menu Quality. Herrin-Gear 401k Retirement Plan currently has over 200 active participants and over $5.1M in plan assets.
Retirement Plan Details
| Address |
P. O. Box 329
Jackson, MS 39205 |
| Industry | New Car Dealers |
| Administrator | Clifford C. Davis, III |
| Net Plan Assets | $5,050,000 |
| Total Participants | 290 |
| Avg Account Balance | $17,000 |
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