Magnet Sales & Manufacturing, Inc.
48
Plan:
Magnet Sales 401k Plan
12
57
72
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 24 point difference between this plan's BrightScope Rating (48) and the top rated plan (72) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $207,800 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
Magnet Sales 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 48. Magnet Sales 401k Plan currently has over 200 active participants and over $3.4M in plan assets.
Retirement Plan Details
| Address |
11248 Playa Ct
Culver City, CA 90230-6127 |
| Industry | Manufacturing |
| Administrator | William G. Hooper |
| Sponsor | SAME |
| Net Plan Assets | $3,400,000 |
| Total Participants | 230 |
| Avg Account Balance | $15,000 |
Compare Other Companies in Peer Group
| Haas Door Company | 62.7 |
| Parlec | 62.3 |
| 80/20 | 56.8 |
| Reelcraft Industries | 56.8 |
| Mistequay Group, Ltd. | 56.6 |
| Bristol Metals, LLC | 50.0 |
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