Magnetek, Inc.
62
Plan:
Magnetek FlexCare Plus Retirement Savings Plan
41
69
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 23 point difference between this plan's BrightScope Rating (62) and the top rated plan (85) could equate to:
[How is this calculated?]
[How is this calculated?]
13 additional years of work Up to $71,200 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
Magnetek FlexCare Plus Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 35% of plans for Total Plan Cost. Magnetek FlexCare Plus Retirement Savings Plan currently has over 700 active participants and over $35.3M in plan assets.
Retirement Plan Details
| Address |
N49 W13650 Campbell Drive
Menomonee Falls, WI 53051 |
| Industry | Manufacturing |
| Administrator | Marty Schwenner |
| Net Plan Assets | $35,300,000 |
| Total Participants | 790 |
| Avg Account Balance | $45,000 |
Compare Other Companies in Peer Group
| American Science and Engineering | 79.5 |
| Showa Denko Carbon | 71.3 |
| X-Rite | 70.2 |
| Presstek | 66.9 |
| Amano USA Holdings | 65.4 |
| Makita USA | 62.6 |
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