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Company:
Magna Entertainment Corporation
Plan:
401k Plan for the US Employees of Magna Entertainment Corporation
 

Magna Entertainment Corporation

53 Plan: 401k Plan for the US Employees of Magna Entertainment Corporation

 
 
53
30
57
84
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (53) and the top rated plan (84) could equate to:
[How is this calculated?]
15 additional years of work
Up to $176,400 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

401k Plan for the US Employees of Magna Entertainment Corporation is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 53. 401k Plan for the US Employees of Magna Entertainment Corporation currently has over 3,300 active participants and over $40.0M in plan assets.

 

 Retirement Plan Details

Address None
Industry Arts, Entertainment, and Recreation
Administrator Mary Defranco
Sponsor Arthur Fabbro
Net Plan Assets $40,000,000
Total Participants 3,300
Avg Account Balance $12,000

 Top 3 Funds in this 401k

1. Principal Guaranteed Investment Contract 21%
2. Principal LifeTime 2020 8%
3. Vanguard Windsor II 6%

  Plan Service Providers

Insurance Carrier Principal Financial Group
Administration Principal Financial Group
Auditor BDO Seidman, LLP

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