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Company:
Life Quality Automobiles of Bayridge, LLC
Plan:
Life Quality Automobiles of Bayridge, LLC 401k Employee Savings Plan
 

Life Quality Automobiles of Bayridge, LLC

53 Plan: Life Quality Automobiles of Bayridge, LLC 401k Employee Savings Plan

 
 
53
30
57
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 22 point difference between this plan's BrightScope Rating (53) and the top rated plan (75) could equate to:
[How is this calculated?]
9 additional years of work
Up to $183,000 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

Life Quality Automobiles of Bayridge, LLC 401k Employee Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 53. This plan is in the top 15% of plans for Investment Menu Quality. Life Quality Automobiles of Bayridge, LLC 401k Employee Savings Plan currently has over 100 active participants and over $1.3M in plan assets.

 

 Retirement Plan Details

Address 855-863 65th St
Brooklyn, NY 11220-4737 
Industry New Car Dealers
Administrator James Giordano
Sponsor RR
Net Plan Assets $1,320,000
Total Participants 140
Avg Account Balance $9,300

 Top 3 Funds in this 401k

1. Invesco Van Kampen Equity and Income 20%
2. Total Guaranteed Investment Contracts 15%
3. Oppenheimer Global Allocation 14%

  Plan Service Providers

Auditor Kera and Company, L.L.C.
Insurance Carrier Nationwide
Insurance Advisor/Broker National Planning Corporation
Insurance Advisor/Broker Royal Alliance Associates, Inc.

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