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Company:
Gala Industries, Inc.
Plan:
Employees' Stock Ownership and Profit Sharing Plan of Gala Industries, Inc.
 

Gala Industries, Inc.

80 Plan: Employees' Stock Ownership and Profit Sharing Plan of Gala Industries, Inc.

 
 
80
33
65
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 6 point difference between this plan's BrightScope Rating (80) and the top rated plan (86) could equate to:
[How is this calculated?]
4 additional years of work
Up to $33,000 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

Employees' Stock Ownership and Profit Sharing Plan of Gala Industries, Inc. is a defined contribution plan with a stock bonus component and leveraged ESOP component. This plan has a BrightScope Rating of 80, 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, Participation Rate, and Total Plan Cost. Employees' Stock Ownership and Profit Sharing Plan of Gala Industries, Inc. currently has over 100 active participants and over $43.9M in plan assets.


 Investment Menu Statistics

No. of Investment Options
2
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Gala Industries, Inc. Common Stock 95%
2. SunTrust Advantage Money Market 4%

 
Plan Component Ratings

 Retirement Plan Details

Address 181 Pauley Street
Eagle Rock, VA 24085-3602 
Industry Manufacturing
Administrator Mary T. Morris
Net Plan Assets $43,900,000
Total Participants 190
Avg Account Balance $240,000

  Plan Service Provider

Auditor Brown, Edwards & Company, L.L.P.