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Company:
GMAC Insurance Management Corporation
Plan:
Personal Lines Insurance Retirement Savings Plan
 

GMAC Insurance Management Corporation

66 Plan: Personal Lines Insurance Retirement Savings Plan

 
 
66
41
74
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 24 point difference between this plan's BrightScope Rating (66) and the top rated plan (90) could equate to:
[How is this calculated?]
15 additional years of work
Up to $122,400 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

Personal Lines Insurance Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 66. This plan is in the top 15% of plans for Total Plan Cost. Personal Lines Insurance Retirement Savings Plan currently has over 1,500 active participants and over $117.3M in plan assets.

 

 Retirement Plan Details

Address 500 West Fifth Street
Mc 1303
Winston Salem, NC 27152 
Industry Finance and Insurance
Administrator Barbara Moser
Net Plan Assets $117,000,000
Total Participants 1,600
Avg Account Balance $76,000

 Top 3 Funds in this 401k

1. Bank of America Retirement Preservation Trust 20%
2. Bank of America Equity Index Trust 12%
3. American Funds Growth Fund of America 11%

  Plan Service Providers

Recordkeeper Bank of America Merrill Lynch
Auditor BDO Seidman, LLP

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