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Company:
Hoffco, Inc.
Plan:
Hoffco, Inc. 401k Profit Sharing Plan
 

Hoffco, Inc.

63 Plan:

 
 
63
3
55
77
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (63) and the top rated plan (77) could equate to:
[How is this calculated?]
7 additional years of work
Up to $54,600 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

Hoffco, Inc. 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 63. This plan is in the top 35% of plans for Company Generosity. Hoffco, Inc. 401k Profit Sharing Plan currently has over 100 active participants and over $3.0M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address North State Highway 274
Wood Lake, MN 56297 
Industry Manufacturing
Administrator John R. Marshall
Sponsor Svp & Cfo, Hoffco, Inc.
Net Plan Assets $3,020,000
Total Participants 110
Avg Account Balance $27,000

 Compare Other Companies in Peer Group

Baker Manufacturing Company 63.3
Lacrosse Furniture Co. 59.1
Leathercraft 55.2
Kreiss Enterprises 50.6
Khoury 48.4
Fremarc Designs 41.1

 Top 3 Funds in this 401k

1. Bremer Balanced Model 39%
2. Bremer Moderate Growth Model 24%
3. Bremer Growth Model 19%

  Plan Service Providers

Insurance Carrier Northwestern Mutual
Auditor Hoffman & Brobst, PLLP
Corporate Trustee Bremer Trust
Insurance Advisor/Broker Mitchell B. Glover

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