Overview

Plan Rating

BrightScope Rating
67
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (24)
Average in Peer Group (69)
Highest in Peer Group (86)

Plan Description

Savings and Investment Plan for Employees of Oberg Industries, Inc. is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 67. This plan is in the top 35% of plans for Account Balances, Participation Rate, and Total Plan Cost. Savings and Investment Plan for Employees of Oberg Industries, Inc. currently has over 700 active participants and over $53.9M in plan assets.

Did you know?

For the average 401k participant, the 19 point difference between this plan's BrightScope Rating (67) and the top rated plan (86) could equate to:
11
Additional years of work
130,856
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 12/31/2014
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 2301 Silverville Road
  • Location
    Freeport , PA
  • 16229
  • Industry
    Manufacturing
  • Administrator
    Jeffrey Mattiuz
  • Net Plan Assets
    $53,900,000
  • Total Participants
    770
  • Avg Account Balance
    $72,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Average

Performance

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

Design

Total Plan Cost:
Low Fees
Company Generosity:
Average

Performance

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

Peer Group Plans

Company Rating
Makino 78.1
Burr Oak Tool 76.2
Stolle Machinery Company, LLC 72.8
Murata Machinery USA 71.4
Dayton Progress 71.3
Greenleaf 70.3
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Investments

Investment Menu Stats

# of Investment Options

26

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
American Funds (Capital Group) Target Date Retirement 80%
3%
Invesco Stable Value Fund 10%
N/A
Participant Loans 2%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Investment Adviser
LPL Financial Corp. (NRP)
Recordkeeper
American Funds (Capital Group)
Auditor
Schneider Downs & Co., Inc.