MAG Industrial Automation Systems, LLC
76
Plan:
41
71
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (76) and the top rated plan (85) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $22,500 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
MAG Industrial Automation Systems Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 76. This plan is in the top 15% of plans for Account Balances, Participation Rate, Salary Deferral, and Total Plan Cost. MAG Industrial Automation Systems Retirement Savings Plan currently has over 1,700 active participants and over $154.8M in plan assets.
Retirement Plan Details
| Address |
6015 Center Drive
Sterling Heights, MI 48312 |
| Industry | Manufacturing |
| Administrator | Kay Pickart |
| Sponsor | Edward Bisig |
| Net Plan Assets | $155,000,000 |
| Total Participants | 1,800 |
| Avg Account Balance | $88,000 |
Compare Other Companies in Peer Group
| Hexagon Metrology | 76.9 |
| Jasper Engine Exchange | 76.8 |
| Gleason | 74.3 |
| Williams International | 74.0 |
| AAON | 64.8 |
| Stewart & Stevenson LLC | 64.2 |
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