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 (55)
Average in Peer Group (83)
Highest in Peer Group (91)

Plan Description

Garan Lucow Miller, P.C. Profit Sharing Plan and Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 80. This plan is in the top 15% of plans for Account Balances, Company Generosity, and Total Plan Cost. Garan Lucow Miller, P.C. Profit Sharing Plan and Trust currently has over 200 active participants and over $42.0M in plan assets.

Did you know?

For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (80) and the top rated plan (91) could equate to:
8
Additional years of work
62,010
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 12/31/2013
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address Woodbridge Place 1000 Woodbridge St
  • Location
    Detroit , MI
  • 48207-3192
  • Industry
    Offices of Lawyers
  • Administrator
    David Sabbath
  • Net Plan Assets
    $42,000,000
  • Total Participants
    220
  • Avg Account Balance
    $200,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Great

Performance

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

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Great

Performance

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

Investment Menu Stats

# of Investment Options

18

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Schwab Personal Choice Retirement Account 37%
N/A
Schwab S&P 500 Index 12%
18%
Schwab Fundamental International Large Company Index 7%
23%
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
Voya Financial (ING)
Insurance Carrier
The National Life Group
Insurance Carrier
Phoenix Wealth Management
Insurance Carrier
Jackson National Life
Investment Adviser
James Investment Research
Investment Adviser
Charles Schwab
Recordkeeper
Charles Schwab
Investment Adviser
Exchange Capital Management
Investment Adviser
Clarkston Capital Partners
Auditor
Correll Associates Pc

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

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