BancTec, Inc.
56
Plan:
BancTec Employees' Savings Plan
41
75
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (56) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
15 additional years of work Up to $211,800 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
BancTec Employees' Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 56. This plan is in the top 35% of plans for Account Balances, Salary Deferral, and Total Plan Cost. BancTec Employees' Savings Plan currently has over 1,800 active participants and over $79.5M in plan assets.
Retirement Plan Details
| Address |
2701 E Grauwyler Road
Irving, TX 75061 |
| Industry | Manufacturing |
| Administrator | Mark Trivette |
| Net Plan Assets | $79,500,000 |
| Total Participants | 1,900 |
| Avg Account Balance | $43,000 |
Compare Other Companies in Peer Group
| Imation | 81.3 |
| Dionex | 77.2 |
| Magtek | 71.8 |
| MICROS Systems | 69.3 |
| LECO | 68.0 |
| Cinram U.S. Holdings | 49.5 |
Comments