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Company:
Howard Energy Co., Inc.
Plan:
Howard Energy Tax Deferred Savings Plan
 

Howard Energy Co., Inc.

70 Plan: Howard Energy Tax Deferred Savings Plan

 
 
70
32
68
84
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 (70) and the top rated plan (84) could equate to:
[How is this calculated?]
7 additional years of work
Up to $95,100 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

Howard Energy Tax Deferred Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70. This plan is in the top 15% of plans for Investment Menu Quality. Howard Energy Tax Deferred Savings Plan currently has over 200 active participants and over $8.4M in plan assets.

 

 Retirement Plan Details

Address 125 S Park St Ste 250
Traverse City, MI 49684-3601 
Industry Manufacturing
Administrator Richard Newell
Net Plan Assets $8,380,000
Total Participants 240
Avg Account Balance $35,000

 Top 3 Funds in this 401k

1. Principal Large Cap S&P 500 Index 20%
2. Principal Diversified International 12%
3. Principal MidCap S&P 400 Index 8%

  Plan Service Providers

Insurance Carrier Principal Financial Group
Administration Principal Financial Group
Auditor Redfern & Company

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