Magma Design Automation, Inc.
77
Plan:
Magma Design Automation 401k Plan
41
75
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 10 point difference between this plan's BrightScope Rating (77) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $114,900 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
Magma Design Automation 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 77. This plan is in the top 15% of plans for Salary Deferral. Magma Design Automation 401k Plan currently has over 500 active participants and over $28.6M in plan assets.
Retirement Plan Details
| Address |
1650 Technology Drive
San Jose, CA 95110 |
| Industry | Custom Computer Programming Services |
| Administrator | Kevin Shaw |
| Net Plan Assets | $28,600,000 |
| Total Participants | 510 |
| Avg Account Balance | $56,000 |
Compare Other Companies in Peer Group
| Charles River Development | 82.3 |
| Amicas | 78.9 |
| Command Alkon | 72.2 |
| SirsiDynix | 68.2 |
| The CBORD Group | 68.0 |
| Partners Consulting Services | 58.2 |
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