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Company:
Florida Institute of Technology
Plan:
Florida Tech Retirement Plan
 

Florida Institute of Technology

73 Plan: Florida Tech Retirement Plan

 
 
73
39
70
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 12 point difference between this plan's BrightScope Rating (73) and the top rated plan (85) could equate to:
[How is this calculated?]
6 additional years of work
Up to $141,400 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

Florida Tech Retirement Plan is a defined contribution plan. This plan has a BrightScope Rating of 73. This plan is in the top 15% of plans for Investment Menu Quality and Total Plan Cost. Florida Tech Retirement Plan currently has over 1,100 active participants and over $78.6M in plan assets.

 

 Retirement Plan Details

Address 150 West University Blvd
Melbourne, FL 32901-6975 
Industry Educational Services
Administrator Beverly Hung
Net Plan Assets $78,600,000
Total Participants 1,200
Avg Account Balance $66,000

 Top 3 Funds in this 403b

1. TIAA-CREF Traditional Annuity 16%
2. Jefferson Pilot Investment Contract 12%
3. TIAA-CREF Stock 11%

  Plan Service Providers

Insurance Carrier Jefferson National Life Insurance Company
Insurance Carrier Lincoln Financial
Insurance Carrier Tiaa-Cref
Administration Lincoln Financial
Auditor Berman Hopkins Wright and LaHam

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