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Company:
T. McGee Electric Inc.
Plan:
T. McGee Electric, Inc. Employees 401k Savings Plan
 

T. McGee Electric Inc.

58 Plan: T. McGee Electric, Inc. Employees 401k Savings Plan

 
 
58
5
57
84
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 26 point difference between this plan's BrightScope Rating (58) and the top rated plan (84) could equate to:
[How is this calculated?]
13 additional years of work
Up to $137,800 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.

 

 Comments

Retirement Plan Description

T. McGee Electric, Inc. Employees 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 58. This plan is in the top 35% of plans for Salary Deferral. T. McGee Electric, Inc. Employees 401k Savings Plan currently has over 100 active participants and over $3.8M in plan assets.

 Retirement Plan Details

Address 2390 S Reservoir St
Pomona, CA 91766-6410 
Industry Electrical Contractors and Other Wiring Installation Contractors
Administrator Trent Mcgee
Net Plan Assets $3,810,000
Total Participants 120
Avg Account Balance $32,000

 Top 3 Funds in this 401k

1. Guaranteed Investment Contract 30%
2. American Funds Growth Fund of America 24%
3. BlackRock Large Cap Core 10%

  Plan Service Providers

Insurance Carrier Hartford
Insurance Advisor/Broker Bank of America Merrill Lynch
Recordkeeper Hartford

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