Ferrotec (USA) Corporation
75
Plan:
Ferrotec Tax Savings Deposit and Investment Plan
32
62
82
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (75) and the top rated plan (82) could equate to:
[How is this calculated?]
[How is this calculated?]
3 additional years of work Up to $92,100 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
Ferrotec Tax Savings Deposit and Investment Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 75, placing it in the top 15% of all plans in its peer group. This plan is also in the top 35% of plans for Account Balances, Company Generosity, and Salary Deferral. Ferrotec Tax Savings Deposit and Investment Plan currently has over 100 active participants and over $8.6M in plan assets.
Retirement Plan Details
| Address |
33 Constitution Drive
Bedford, NH 03110-6000 |
| Industry | Manufacturing |
| Administrator | Janet L. Cote |
| Net Plan Assets | $8,610,000 |
| Total Participants | 130 |
| Avg Account Balance | $66,000 |
Compare Other Companies in Peer Group
| Creare | 73.6 |
| VSM Abrasives | 71.7 |
| Fort Wayne Wire Die | 68.4 |
| Stanley Creations | 67.6 |
| BIC | 66.7 |
| Becon | 64.0 |
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