Overview

Plan Rating

BrightScope Rating
68
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (9)
Average in Peer Group (60)
Highest in Peer Group (84)

Plan Description

Hancock Lumber Company, Inc. Profit Sharing/401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 68. This plan is in the top 35% of plans for Participation Rate. Hancock Lumber Company, Inc. Profit Sharing/401k Plan currently has over 500 active participants and over $21.4M in plan assets.

Did you know?

For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (68) and the top rated plan (84) could equate to:
8
Additional years of work
74,617
Lost 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. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 1267 Poland Spring Road
  • Location
    Casco , ME
  • 04015
  • Industry
    Other Building Material Dealers
  • Net Plan Assets
    $21,400,000
  • Total Participants
    590
  • Avg Account Balance
    $38,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

Participation Rate:
Above Average
Salary Deferrals:
Average
Account Balance:
Average

Design

Total Plan Cost:
Average Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Average
Salary Deferrals:
Average
Account Balance:
Below Avg.

Peer Group Plans

Company Rating
Van Wall Equipment 71.5
Southfield 71.1
Kuiken Brothers Co. 70.9
Big C Lumber Company 68.0
R.K. Miles 67.9
Puerto Rico Supplies Group 58.8

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

28

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
American Funds (Capital Group) Target Date Retirement 61%
2%
Wells Fargo Premier Large Company Growth 6%
65%
Janus Henderson Triton 4%
86%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Empower
Insurance Advisor/Broker
Thomas B. Snow
Insurance Advisor/Broker
Thomas Whyte
Recordkeeper
Empower
Administration
Downeast Pension Services, Inc.
Investment Adviser
Envestnet Asset Management, Inc.
Auditor
WIPFLI Hewins Investment Advisors LLC

Articles and Questions

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