Overview

Plan Rating

BrightScope Rating
60
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (7)
Average in Peer Group (64)
Highest in Peer Group (90)

Plan Description

G&K Services 401k Savings Incentive Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 60. This plan is in the top 35% of plans for Total Plan Cost. G&K Services 401k Savings Incentive Plan currently has over 7,100 active participants and over $152.2M in plan assets.

Did you know?

For the average 401k participant, the 30 point difference between this plan's BrightScope Rating (60) and the top rated plan (90) could equate to:
17
Additional years of work
94,537
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 5995 Opus Parkway Suite 500
  • Location
    Minnetonka , MN
  • 55343
  • Industry
    Other Services (except Public Administration)
  • Administrator
    Nancy Evans
  • Net Plan Assets
    $152,000,000
  • Total Participants
    7,200
  • Avg Account Balance
    $31,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Average

Performance

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

Design

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

Performance

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

Investment Menu Stats

# of Investment Options

19

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Wells Fargo Advantage Dow Jones Target 39%
1%
Wells Fargo Advantage Money Market 12%
44%
American Century Growth 10%
22%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Corporate Trustee
Wells Fargo
Recordkeeper
Wells Fargo
Auditor
McGladrey Wealth Management LLC

Articles and Questions