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Company:
Mag Instrument, Inc.
Plan:
Mag Instrument, Inc. Profit Sharing Plan
 

Mag Instrument, Inc.

48 Plan: Mag Instrument, Inc. Profit Sharing Plan

 
 
48
32
60
80
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 32 point difference between this plan's BrightScope Rating (48) and the top rated plan (80) could equate to:
[How is this calculated?]
14 additional years of work
Up to $214,100 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

Mag Instrument, Inc. Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 48. This plan is in the top 35% of plans for Participation Rate. Mag Instrument, Inc. Profit Sharing Plan currently has over 800 active participants and over $11.6M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address 2001 South Hellman Avenue
Ontario, CA 91761 
Industry Manufacturing
Administrator James Zecchini
Net Plan Assets $11,600,000
Total Participants 850
Avg Account Balance $14,000

 Compare Other Companies in Peer Group

Bairnco 58.4
Total Safety U.S. 55.5
Desco 53.7
Audio & Video Labs 53.2
Hudson Products 47.6
Static Control Companies 44.3

 Top 3 Funds in this 401k

1. Wells Fargo Advantage Cash Investment Money Market 23%
2. Wells Fargo Advantage Index 15%
3. Participant Loans 8%

  Plan Service Providers

Corporate Trustee Wells Fargo (Wachovia)
Recordkeeper Wells Fargo (Wachovia)
Auditor Hausmaniger Benoe Lang Alford & Ge

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