General Engineering Co. of Virginia
68
Plan:
General Engineering Co. Employee Stock Ownership Plan and Trust
32
65
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 17 point difference between this plan's BrightScope Rating (68) and the top rated plan (85) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $92,800 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
General Engineering Co. Employee Stock Ownership Plan and Trust is a defined contribution plan with a stock bonus component and leveraged ESOP component. This plan has a BrightScope Rating of 68. This plan is in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, and Total Plan Cost. General Engineering Co. Employee Stock Ownership Plan and Trust currently has over 100 active participants and over $24.1M in plan assets.
Retirement Plan Details
| Address |
P O Box 549
Abingdon, VA 24212-0549 |
| Industry | Manufacturing |
| Administrator | J. E. Owens |
| Net Plan Assets | $24,100,000 |
| Total Participants | 160 |
| Avg Account Balance | $93,000 |
Compare Other Companies in Peer Group
| A. Y. McDonald Industries | 78.9 |
| Perceptron | 74.3 |
| Sheet Metal Workers Local Union... | 65.4 |
| Designatronics | 65.0 |
| Winamac Coil Spring | 63.9 |
| Brunner Manufacturing Co. | 63.3 |
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