BrightScope Rating
Company:
Freescale Semiconductor, Inc.
Plan:
Freescale 401k Retirement Savings Plan
Freescale Semiconductor, Inc.
82
Plan:
Freescale 401k Retirement Savings Plan
7
60
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (82) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $307,700 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
Freescale 401k Retirement Savings Plan is a defined contribution plan with a 401k feature. This plan has a BrightScope Rating of 82, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity, Salary Deferrals, Participation Rate, Total Plan Cost, Investment Menu Quality, and Account Balances. Freescale 401k Retirement Savings Plan currently has over 8,300 active participants and over $1.1B in plan assets.
Plan Details
| Address | 6501 William Cannon Drive West Austin, TX 78735 |
| Industry | Semiconductor & Other Electronic Component Mfg |
| Net Plan Assets | $1,150,000,000 |
| Total Participants | 10,000 |
| Avg Account Balance | $110,000 |
Top 3 Investment Holdings
| 1. | Artio International Equity | 10% |
| 2. | Northern Trust S&P 500 Index | 8% |
| 3. | Morgan Stanley Institutional International Equity | 7% |
Other Companies in Peer Group
| Corning | 77.0 |
| Ball | 77.0 |
| Case New Holland | 72.4 |
| Newell Rubbermaid | 69.8 |
| Alcoa | 67.5 |
| American Standard Companies | 57.9 |
Plan Service Providers
| Auditor | Lockart, Atchley & Associates, LLP |
| Recordkeeper | Hewitt Associates |
| Corporate Trustee | Northern Trust |
| Consultant | J.H. Ellwood & Associates Inc. |
| Investment Adviser | Guided Choice Asset Management, Inc |
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