Miscor Group, LTD
39
Plan:
3
57
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 47 point difference between this plan's BrightScope Rating (39) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
21 additional years of work Up to $342,600 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.
Retirement Plan Description
Magnetech 401k Plan & Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 39. This plan is in the top 15% of plans for Investment Menu Quality. Magnetech 401k Plan & Trust currently has over 200 active participants and over $1.1M in plan assets.
Retirement Plan Details
| Address |
1125 S Walnut St
South Bend, IN 46619-4303 |
| Industry | Manufacturing |
| Administrator | Richard J. Mullin Cfo |
| Sponsor | Richard J. Mullin |
| Net Plan Assets | $1,100,000 |
| Total Participants | 240 |
| Avg Account Balance | $4,800 |
Compare Other Companies in Peer Group
| Stock Equipment Company | 72.0 |
| Airdyne, Ltd | 63.6 |
| Travers Tool Co. | 60.3 |
| Crestek | 59.1 |
| Franklin Equipment Company | 48.2 |
| New Era Ohio, LLC | 44.8 |
Comments