Briggs and Morgan, Professional Association

89

Overview

Plan Rating

BrightScope Rating
89
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (39)
Average in Peer Group (78)
Highest in Peer Group (91)

Plan Description

Briggs and Morgan, Professional Association Profit Sharing Plan is a defined contribution plan with a 401k feature. This plan has a BrightScope Rating of 89, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. Briggs and Morgan, Professional Association Profit Sharing Plan currently has over 400 active participants and over $150.2M in plan assets.

Did you know?

For the average 401k participant, the 2 point difference between this plan's BrightScope Rating (89) and the top rated plan (91) could equate to:
2
Additional years of work
40,790
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 12/31/2015
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 2200 Ids Center 80 South Eighth Street
  • Location
    Minneapolis , MN
  • 55402
  • Industry
    Offices of Lawyers
  • Administrator
    Laurie Greenberg
  • Net Plan Assets
    $150,000,000
  • Total Participants
    410
  • Avg Account Balance
    $370,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Great

Performance

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

Design

Total Plan Cost:
Average Fees
Company Generosity:
Great

Performance

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

Investment Menu Stats

# of Investment Options

34

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Vanguard Group Target Retirement 16%
23%
Galliard Stable Value Fund 13%
N/A
Vanguard Institutional Index 8%
7%
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
Phoenix Life Insurance Company
Insurance Carrier
Northwestern Mutual
Insurance Carrier
Various
Insurance Carrier
MetLife
Insurance Carrier
AXA Equitable
Insurance Carrier
Minnesota Life
Insurance Carrier
Guardian Insurance & Annuity Company, Inc.
Insurance Carrier
Protective Life
Insurance Carrier
Principal Financial Group
Insurance Advisor/Broker
Robert L. Erkel
Insurance Advisor/Broker
Larry H. Rose
Insurance Advisor/Broker
Thomas Dzik
Insurance Advisor/Broker
North Star Consultants, Inc.
Recordkeeper
Fidelity
Investment Adviser
Strategic Advisors
Auditor
McGladrey Wealth Management LLC

Articles and Questions

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