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Company:
Longchamps Electric, Inc.
Plan:
Longchamps Electric, Inc. 401k Profit Sharing Plan & Trust
 

Longchamps Electric, Inc.

52 Plan: Longchamps Electric, Inc. 401k Profit Sharing Plan & Trust

 
 
52
31
57
82
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 30 point difference between this plan's BrightScope Rating (52) and the top rated plan (82) could equate to:
[How is this calculated?]
13 additional years of work
Up to $213,200 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

Longchamps Electric, Inc. 401k Profit Sharing Plan & Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 52. This plan is in the top 15% of plans for Investment Menu Quality. Longchamps Electric, Inc. 401k Profit Sharing Plan & Trust currently has over 100 active participants and over $2.9M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
67
Plan Average: 24
Largest Funds in this 401k: based on % allocation of assets
1. John Hancock Funds II Lifestyle Growth 27%
2. John Hancock Funds II Lifestyle Balanced 20%
3. Participant Loans 7%

 
Plan Component Ratings

 Retirement Plan Details

Address 700 Harvey Road
Manchester, NH 03103-3312 
Industry Electrical Contractors and Other Wiring Installation Contractors
Administrator Kevin M. Duffy
Net Plan Assets $2,910,000
Total Participants 110
Avg Account Balance $33,000

 Compare Other Companies in Peer Group

Shanahan Mechanical and Electrical 63.8
Varney 61.6
Land Mark Electric 60.0
TAG Electric Company 49.7
LaCorte Companies 48.8
Jess Howard Electric Company 41.7

  Plan Service Providers

Insurance Carrier John Hancock
Recordkeeper John Hancock
Auditor Bornstein & Sweatt, Pc

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