Overview

Plan Rating

BrightScope Rating
62
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (34)
Average in Peer Group (68)
Highest in Peer Group (92)

Plan Description

Tex-Tech Industries Investment Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 35% of plans for Account Balances. Tex-Tech Industries Investment Plan currently has over 200 active participants and over $9.5M in plan assets.

Did you know?

For the average 401k participant, the 30 point difference between this plan's BrightScope Rating (62) and the top rated plan (92) could equate to:
18
Additional years of work
203,442
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 12/31/2017
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 105 N. Main Street P.o. Box 8
  • Location
    North Monmouth , ME
  • 04265
  • Industry
    Manufacturing
  • Net Plan Assets
    $9,460,000
  • Total Participants
    200
  • Avg Account Balance
    $64,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

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

Design

Total Plan Cost:
Average Fees
Company Generosity:
Above Average

Performance

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

Peer Group Plans

Company Rating
Jones Companies Ltd. 69.1
Phoenix Textile 68.7
Barrday 63.6
Schneider Mills 58.8
Ronile 55.6
Hornwood 49.8
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Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

20

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Federated Capital Preservation Fund 22%
N/A
T. Rowe Price Capital Appreciation 15%
1%
Parnassus Core Equity Fund 13%
3%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Administration
Merrill Merchants Bank
Recordkeeper
Merrill Merchants Bank
Auditor
Berry Dunn Mcneil & Parker

Articles and Questions

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