Sumitomo Machinery Corporation of America
64
Plan:
Sumitomo Machinery Corporation of America Savings and Investment Plan
29
69
87
0
10
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100
For the average 401k participant, the 23 point difference between this plan's BrightScope Rating (64) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
13 additional years of work Up to $60,900 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
Sumitomo Machinery Corporation of America Savings and Investment Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 64. This plan is in the top 15% of plans for Investment Menu Quality. Sumitomo Machinery Corporation of America Savings and Investment Plan currently has over 300 active participants and over $11.5M in plan assets.
Retirement Plan Details
| Address |
4200 Holland Blvd
Chesapeake, VA 23323-1525 |
| Industry | Manufacturing |
| Administrator | James Solomon |
| Net Plan Assets | $11,500,000 |
| Total Participants | 340 |
| Avg Account Balance | $34,000 |
Compare Other Companies in Peer Group
| Ergotron | 72.6 |
| EBARA International | 70.1 |
| A G Equipment Company | 68.9 |
| Martin Automatic | 65.1 |
| Buckeye Corrugated | 64.8 |
| Wisconsin Lift Truck | 58.6 |
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