Overview

Plan Rating

BrightScope Rating
61
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (30)
Average in Peer Group (61)
Highest in Peer Group (83)

Plan Description

Hutchinson Manufacturing, Inc. Tax Deferred Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 61. Hutchinson Manufacturing, Inc. Tax Deferred Savings Plan currently has over 100 active participants and over $4.1M in plan assets.

Did you know?

For the average 401k participant, the 22 point difference between this plan's BrightScope Rating (61) and the top rated plan (83) could equate to:
11
Additional years of work
105,706
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 12/31/2016
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address P.O. Box 487
  • Location
    Hutchinson , MN
  • 55350
  • Industry
    Manufacturing
  • Administrator
    Kathy Silvernale
  • Net Plan Assets
    $4,120,000
  • Total Participants
    160
  • Avg Account Balance
    $31,000

Plan Components

Component Ratings

Design

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

Performance

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

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

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

Peer Group Plans

Company Rating
Catalytic Combustion 64.6
Wirco 60.5
Schuette 59.0
Cassavant Machining 58.7
Universal Tube Services 57.6
Bracalente Manufacturing Co. 54.5
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Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

25

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Voya Financial (ING) Index Solutions 41%
N/A
Vanguard VIF Diversified Value Portfolio 8%
N/A
Voya Real Estate 6%
N/A
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 Advisor/Broker
Voya Financial (ING)
Investment Adviser
Voya Financial (ING)
Auditor
Miller Welle Heiser & Co., Ltd.

Articles and Questions

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