Searing Industries, Inc.
50
Plan:
The Searing Industries Retirement Savings Plan
38
66
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 37 point difference between this plan's BrightScope Rating (50) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
18 additional years of work Up to $249,000 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
The Searing Industries Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 50. This plan is in the top 35% of plans for Account Balances and Total Plan Cost. The Searing Industries Retirement Savings Plan currently has over 100 active participants and over $4.7M in plan assets.
Retirement Plan Details
| Address |
8901 Arrow Rte
Rancho Cucamonga, CA 91730 |
| Industry | Manufacturing |
| Administrator | Margaret Cantu |
| Net Plan Assets | $4,660,000 |
| Total Participants | 120 |
| Avg Account Balance | $39,000 |
Compare Other Companies in Peer Group
| Spartanburg Steel Products | 70.0 |
| ZAPP Precision Wire | 69.9 |
| Jemison-Demsey, LLC | 69.4 |
| Owen Steel Company | 61.1 |
| Cincinnati Tool Steel Co. | 58.3 |
| PorterCorp | 56.5 |
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