BrightScope Rating
Company:
Tyco Healthcare Group, LP
Plan:
Covidien Retirement Savings and Investment Plan
Tyco Healthcare Group, LP
67
Plan:
7
60
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 23 point difference between this plan's BrightScope Rating (67) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
14 additional years of work Up to $234,600 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.
Plan Description
Covidien Retirement Savings and Investment Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 67. This plan is in the top 15% of plans for Company Generosity. Covidien Retirement Savings and Investment Plan currently has over 24,400 active participants and over $1.0B in plan assets.
Plan Details
| Address | 15 Hampshire St Mansfield, MA 02048 |
| Industry | Medical Equipment & Supplies Mfg |
| Administrator | Joseph Mongelli |
| Net Plan Assets | $1,080,000,000 |
| Total Participants | 31,000 |
| Avg Account Balance | $34,000 |
Top 3 Investment Holdings
| 1. | Fidelity Growth Company | 18% |
| 2. | Vanguard Windsor II | 9% |
| 3. | Fidelity Spartan 500 Index | 9% |
Other Companies in Peer Group
| EMC | 80.0 |
| Harris | 75.6 |
| Kimberly-Clark | 74.6 |
| Whirlpool | 71.9 |
| DaimlerChrysler | 67.1 |
| United Technologies | 64.9 |
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