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Company:
Mirak Chevrolet, Inc.
Plan:
Mirak Savings and Profit-Sharing Plan
 

Mirak Chevrolet, Inc.

56 Plan: Mirak Savings and Profit-Sharing Plan

 
 
56
18
57
74
0
10
20
30
40
50
60
70
80
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100
For the average 401k participant, the 18 point difference between this plan's BrightScope Rating (56) and the top rated plan (74) could equate to:
[How is this calculated?]
8 additional years of work
Up to $97,200 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

Mirak Savings and Profit-Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 56. This plan is in the top 35% of plans for Account Balances and Salary Deferral. Mirak Savings and Profit-Sharing Plan currently has over 100 active participants and over $3.4M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
20
Plan Average: 24
Top 3 Funds in this 401k
1. John Hancock Funds II Lifestyle Balanced 26%
2. John Hancock Stable Value Fund 14%
3. PIMCO Total Return 11%

 Retirement Plan Details

Address 1125 Massachusetts Avenue
Arlington, MA 02174-0000 
Industry New Car Dealers
Administrator Mary Louise Longo
Net Plan Assets $3,370,000
Total Participants 100
Avg Account Balance $54,000

 Compare Other Companies in Peer Group

Phillips Automotive 59.3
Gorno Ford 58.9
Fury Motors 56.8
Scaffidi Motors 56.6
McInerney 53.8
Estabrook Motor Company 48.0

  Plan Service Providers

Insurance Carrier John Hancock
Insurance Advisor/Broker LPL Financial Corp. (NRP)
Recordkeeper John Hancock
Auditor Grant Thornton LLP

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