The Long Island Home
72
Plan:
Long Island Home 401k Plan
72
28
61
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (72) and the top rated plan (86) could equate to:
[How is this calculated?]
8 additional years of work
Up to $142,100 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.
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Retirement Plan Description
Long Island Home 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 72, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Participation Rate. Long Island Home 401k Plan currently has over 500 active participants and over $32.4M in plan assets.
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