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Company:
Magellan Biosciences, Inc.
Plan:
Magellan Biosciences Employee Savings Plan & Trust
 

Magellan Biosciences, Inc.

81 Plan: Magellan Biosciences Employee Savings Plan & Trust

 
 
81
28
68
89
0
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For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (81) and the top rated plan (89) could equate to:
[How is this calculated?]
5 additional years of work
Up to $81,200 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

Magellan Biosciences Employee Savings Plan & Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 81, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Salary Deferral. Magellan Biosciences Employee Savings Plan & Trust currently has over 200 active participants and over $15.2M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
36
Plan Average: 24
Top 3 Funds in this 401k
1. MainStay Large Cap Growth 9%
2. Columbia Dividend Value 7%
3. American Funds EuroPacific Growth 5%

 Retirement Plan Details

Address 22 Alpha Road
Chelmsford, MA 01824-4123 
Industry All Other Professional, Scientific, and Technical Services
Administrator Amber Parker
Net Plan Assets $15,200,000
Total Participants 260
Avg Account Balance $59,000

  Plan Service Providers

Insurance Carrier New York Life
Recordkeeper New York Life
Investment Adviser Bay Colony Partners
Auditor Caron & Bletzer, PLLC

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