Overview

Plan Rating

BrightScope Rating
46
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (25)
Average in Peer Group (62)
Highest in Peer Group (88)

Plan Description

Galena Associates 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 46. Galena Associates 401k Plan currently has over 500 active participants and over $2.6M in plan assets.

Did you know?

For the average 401k participant, the 42 point difference between this plan's BrightScope Rating (46) and the top rated plan (88) could equate to:
20
Additional years of work
213,752
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 25 Main Street 4th Floor
  • Location
    Hartford , CT
  • 06106
  • Industry
    Other Services (except Public Administration)
  • Administrator
    Chris Webb
  • Net Plan Assets
    $2,560,000
  • Total Participants
    510
  • Avg Account Balance
    $17,000

Plan Components

Component Ratings

Design

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

Performance

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

Design

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

Performance

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

Investment Menu Stats

# of Investment Options

24

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Janus Enterprise 7%
3%
Participant Loans 7%
N/A
BlackRock Equity Dividend 6%
38%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
Ascensus, Inc.
Auditor
Blum Shapiro Financial Services Inc.

Articles and Questions

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