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Company:
OKAY Industries, Inc.
Plan:
OKAY Industries, Inc. Profit Sharing 401k Plan
 

OKAY Industries, Inc.

74 Plan: OKAY Industries, Inc. Profit Sharing 401k Plan

 
 
74
6
58
81
0
10
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100
For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (74) and the top rated plan (81) could equate to:
[How is this calculated?]
5 additional years of work
Up to $4,800 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

OKAY Industries, Inc. Profit Sharing 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 74, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Investment Menu Quality, and Participation Rate. OKAY Industries, Inc. Profit Sharing 401k Plan currently has over 100 active participants and over $13.6M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
34
Plan Average: 24
Top 3 Funds in this 401k
1. Total US Government Securities 36%
2. Total Certificates of Deposit 22%
3. Total Corporate Bonds 21%

 
Plan Component Ratings

 Retirement Plan Details

Address 200 Ellis Street
P.O. Box 2470
New Britain, CT 06050-2470 
Industry Manufacturing
Administrator Donna Lasher
Net Plan Assets $13,600,000
Total Participants 160
Avg Account Balance $84,000

  Plan Service Providers

Insurance Carrier John Hancock
Insurance Advisor/Broker Resources Management Corporation
Recordkeeper Pension Consultants
Auditor J.H. Cohn

 Comments