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Company:
Ormat Technologies
Plan:
Ormat Technologies, Inc. 401k Plan
 

Ormat Technologies

66 Plan: Ormat Technologies, Inc. 401k Plan

 
 
66
34
75
87
0
10
20
30
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50
60
70
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100
For the average 401k participant, the 21 point difference between this plan's BrightScope Rating (66) and the top rated plan (87) could equate to:
[How is this calculated?]
12 additional years of work
Up to $124,500 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

Ormat Technologies, Inc. 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 66. This plan is in the top 15% of plans for Investment Menu Quality. Ormat Technologies, Inc. 401k Plan currently has over 400 active participants and over $10.2M in plan assets.

 

 Retirement Plan Details

Address 6225 Neil Road
Reno, NV 89511-1136 
Industry Utilities
Administrator Connie Stechman
Net Plan Assets $10,200,000
Total Participants 430
Avg Account Balance $24,000

 Top 3 Funds in this 401k

1. Vanguard Target Retirement 2035 11%
2. Franklin Balance Sheet Investment 9%
3. Transamerica Cash Management Fund 8%

  Plan Service Providers

Insurance Carrier Transamerica
Insurance Advisor/Broker Mitchell C. Laughton
Insurance Advisor/Broker Jason McDonald
Recordkeeper Transamerica
Auditor Mark Bailey

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