Magnetic Metals Corporation
60
Plan:
40
61
76
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (60) and the top rated plan (76) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $126,600 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
Magnetic Metals Corporation Deferred Savings & Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 60. This plan is in the top 35% of plans for Company Generosity. Magnetic Metals Corporation Deferred Savings & Retirement Plan currently has over 100 active participants and over $5.5M in plan assets.
Retirement Plan Details
| Address |
1900 Hayes Ave
Camden, NJ 08105-3656 |
| Industry | Manufacturing |
| Administrator | William A Pennington |
| Net Plan Assets | $5,470,000 |
| Total Participants | 170 |
| Avg Account Balance | $33,000 |
Compare Other Companies in Peer Group
| The Colman Group | 70.8 |
| Port Plastics | 70.4 |
| Nor-Cal Products | 66.5 |
| Midwest Products and Engineering | 65.0 |
| Warren Fabricating | 62.9 |
| Jaco | 60.0 |
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