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Company:
Ingersoll Cutting Tool Company
Plan:
Ingersoll Cutting Tool 401k Plan
 

Ingersoll Cutting Tool Company

70 Plan: Ingersoll Cutting Tool 401k Plan

 
 
70
32
65
88
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 (70) and the top rated plan (88) could equate to:
[How is this calculated?]
10 additional years of work
Up to $126,600 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

Ingersoll Cutting Tool 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70. This plan is in the top 15% of plans for Account Balances, Participation Rate, and Total Plan Cost. Ingersoll Cutting Tool 401k Plan currently has over 400 active participants and over $43.3M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
24
Plan Average: 24
Top 3 Funds in this 401k
1. Vanguard 500 Index 17%
2. Vanguard Total Bond Market Index 16%
3. Vanguard Retirement Savings Trust 16%

 
Plan Component Ratings

 Retirement Plan Details

Address 845 S. Lyford Rd
Rockford, IL 61108 
Industry Manufacturing
Administrator Elizabeth M. Gucciardo
Net Plan Assets $43,300,000
Total Participants 420
Avg Account Balance $100,000

 Compare Other Companies in Peer Group

Deublin Company 83.8
FN Manufacturing, LLC 75.3
Wagner Spray Tech 73.1
The Will-Burt Company 67.4
Southco 66.3
Red Dot 63.6

  Plan Service Providers

Recordkeeper Vanguard Group
Auditor McGladrey

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