Severstal North America, Inc.
62
Plan:
32
68
83
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 21 point difference between this plan's BrightScope Rating (62) and the top rated plan (83) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $139,700 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
Severstal North America, Inc. Tax-Efficient Savings Plan for Hourly Employees is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 15% of plans for Total Plan Cost. Severstal North America, Inc. Tax-Efficient Savings Plan for Hourly Employees currently has over 1,700 active participants and over $56.6M in plan assets.
Retirement Plan Details
| Address |
14661 Rotunda Drive
Dearborn, MI 48120-1639 |
| Industry | Manufacturing |
| Administrator | Mark Yost |
| Net Plan Assets | $56,600,000 |
| Total Participants | 1,800 |
| Avg Account Balance | $32,000 |
Compare Other Companies in Peer Group
| Gallatin Steel Company | 76.6 |
| Latrobe Steel Company | 74.4 |
| Evraz, Inc. N.A. | 66.8 |
| Harrison Steel Castings Co. | 64.7 |
| Metals USA | 59.3 |
| Republic Engineered Products | 56.9 |
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