CIT Group, Inc.
78
Plan:
CIT Group, Inc. Savings Incentive Plan
22
68
87
0
10
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70
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100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (78) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $16,300 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
CIT Group, Inc. Savings Incentive Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 78, 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, Company Generosity, Salary Deferral, and Total Plan Cost. CIT Group, Inc. Savings Incentive Plan currently has over 5,300 active participants and over $453.2M in plan assets.
Retirement Plan Details
| Address |
1 Cit Drive
Livingston, NJ 07039 |
| Industry | All Other Nondepository Credit Intermediation |
| Administrator | Lisa Zonino |
| Net Plan Assets | $453,000,000 |
| Total Participants | 5,300 |
| Avg Account Balance | $85,000 |
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