MagnaCare, LLC
54
Plan:
MagnaCare, LLC 401k Plan
29
60
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (54) and the top rated plan (85) could equate to:
[How is this calculated?]
[How is this calculated?]
15 additional years of work Up to $200,500 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
MagnaCare, LLC 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 54. This plan is in the top 35% of plans for Investment Menu Quality. MagnaCare, LLC 401k Plan currently has over 100 active participants and over $1.9M in plan assets.
Retirement Plan Details
| Address |
825 East Gate Blvd.
Garden City, NY 11530 |
| Industry | HMO Medical Centers |
| Administrator | James Cusumano |
| Net Plan Assets | $1,950,000 |
| Total Participants | 120 |
| Avg Account Balance | $17,000 |
Compare Other Companies in Peer Group
| Women's Health USA | 72.4 |
| Nephrology | 64.6 |
| East Central Florida Outpatient... | 62.4 |
| Island Medical Services | 54.5 |
| The Cornerstone of Recovery | 48.5 |
| Drew Medical | 42.5 |
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