Scales Industrial Technologies, Inc.
69
Plan:
32
57
82
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 13 point difference between this plan's BrightScope Rating (69) and the top rated plan (82) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $144,100 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
Scales Industrial Technologies, Inc. Employee Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 69, 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 and Total Plan Cost. Scales Industrial Technologies, Inc. Employee Savings Plan currently has over 100 active participants and over $12.7M in plan assets.
Retirement Plan Details
| Address |
110 Voice Road
Carle Place, NY 11514-1516 |
| Industry | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance |
| Administrator | Christopher Galterio |
| Net Plan Assets | $12,700,000 |
| Total Participants | 160 |
| Avg Account Balance | $81,000 |
Compare Other Companies in Peer Group
| Aerothrust | 75.9 |
| Norman Wright Mechanical Equipment | 71.3 |
| Tampa Bay Systems Sales | 68.1 |
| Phillips Kiln Services Ltd. | 66.4 |
| Atlas Machine & Supply | 63.5 |
| Patten Industries | 61.8 |
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