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Company:
Hammond Lumber Company
Plan:
Hammond Lumber Company 401k Plan
 

Hammond Lumber Company

61 Plan: Hammond Lumber Company 401k Plan

 
 
61
36
56
79
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 18 point difference between this plan's BrightScope Rating (61) and the top rated plan (79) could equate to:
[How is this calculated?]
9 additional years of work
Up to $82,800 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

Hammond Lumber Company 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 61. This plan is in the top 35% of plans for Account Balances, Investment Menu Quality, Participation Rate, and Total Plan Cost. Hammond Lumber Company 401k Plan currently has over 200 active participants and over $15.3M in plan assets.

 

 Retirement Plan Details

Address Po Box 500
Belgrade, ME 04917 
Industry Home Centers
Administrator Nick Sutheimer
Net Plan Assets $15,300,000
Total Participants 290
Avg Account Balance $52,000

 Top 3 Funds in this 401k

1. Sentry Life Guaranteed Account 27%
2. Sentry Life Foreign Growth 7%
3. Sentry Life LifeCycle LC 6%

  Plan Service Providers

Insurance Carrier Sentry Insurance
Insurance Advisor/Broker Thomas Barton
Auditor Albin Randall & Bennett

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