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Company:
Sorenson Engineering, Inc.
Plan:
Sorenson Engineering, Inc. Profit Sharing and 401k Plan
 

Sorenson Engineering, Inc.

55 Plan: Sorenson Engineering, Inc. Profit Sharing and 401k Plan

 
 
55
27
59
88
0
10
20
30
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60
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100
For the average 401k participant, the 33 point difference between this plan's BrightScope Rating (55) and the top rated plan (88) could equate to:
[How is this calculated?]
17 additional years of work
Up to $175,900 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

Sorenson Engineering, Inc. Profit Sharing and 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 55. This plan is in the top 15% of plans for Investment Menu Quality. Sorenson Engineering, Inc. Profit Sharing and 401k Plan currently has over 200 active participants and over $4.3M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address 32032 Dunlap Blvd.
Yucaipa, CA 92399-1706 
Industry Manufacturing
Administrator Paul Sewell
Net Plan Assets $4,290,000
Total Participants 220
Avg Account Balance $20,000

 Compare Other Companies in Peer Group

Virginia Panel 73.0
Whelen Engineering Company 67.6
Pei/Genesis 61.5
Magic Circle 59.6
Ronan Engineering Company 59.6
Boose Aluminum Foundry Co. 46.5

 Top 3 Funds in this 401k

1. SEI Stable Asset Fund 14%
2. Davis New York Venture 9%
3. Mutual Global Discovery 8%

  Plan Service Providers

Auditor Swenson Corp
Administration Hicks Pension Services
Insurance Carrier Hartford
Insurance Advisor/Broker Bank of America Merrill Lynch

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