Magtek
72
Plan:
Magtek Profit Sharing/401k Plan
41
75
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (72) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $84,100 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
Magtek Profit Sharing/401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 72. This plan is in the top 15% of plans for Account Balances, Company Generosity, and Total Plan Cost. Magtek Profit Sharing/401k Plan currently has over 200 active participants and over $39.4M in plan assets.
Retirement Plan Details
| Address |
1710 Apollo Court
Seal Beach, CA 90740 |
| Industry | Manufacturing |
| Administrator | Thomas Varrial |
| Net Plan Assets | $39,400,000 |
| Total Participants | 260 |
| Avg Account Balance | $150,000 |
Compare Other Companies in Peer Group
| Imation | 81.3 |
| Sechan Electronics | 77.9 |
| MICROS Systems | 69.3 |
| Brookfield Engineering Laboratories | 61.6 |
| BancTec | 56.3 |
| Cinram U.S. Holdings | 49.5 |
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