Overview

Plan Rating

BrightScope Rating
80
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (45)
Average in Peer Group (70)
Highest in Peer Group (90)

Plan Description

The Goodyear Tire & Rubber Company Employee Savings Plan for Salaried Employees is a defined contribution plan with a profit-sharing component, stock bonus component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 80. This plan is in the top 15% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. The Goodyear Tire & Rubber Company Employee Savings Plan for Salaried Employees currently has over 12,700 active participants and over $2.3B in plan assets.

Did you know?

For the average 401k participant, the 10 point difference between this plan's BrightScope Rating (80) and the top rated plan (90) could equate to:
8
Additional years of work
39,644
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 12/31/2015
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 200 Innovation Way Department 610
  • Location
    Akron , OH
  • 44316-0001
  • Industry
    Manufacturing
  • Administrator
    Evan Scocos
  • Net Plan Assets
    $2,270,000,000
  • Total Participants
    13,000
  • Avg Account Balance
    $210,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Great

Performance

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

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Above Average

Performance

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

Peer Group Plans

Company Rating
Allergan 88.3
Zoetis 87.8
Celgene 86.7
S. C. Johnson & Son 84.9
Novo Nordisk 83.0
Michelin North America 78.1
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Investments

Investment Menu Stats

# of Investment Options

17

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Total Guaranteed Investment Contracts 30%
N/A
Vanguard Group Target Retirement 23%
N/A
Northern Trust S&P 500 Index 18%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Provider

SERVICE PROVIDER
Auditor
Bober, Markey, Fedorovich & Company

Articles and Questions