Overview

Plan Rating

BrightScope Rating
58
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 (61)
Highest in Peer Group (82)

Plan Description

Altron 401k Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 58. This plan is in the top 35% of plans for Account Balances and Participation Rate. Altron 401k Retirement Plan currently has fewer than 100 active participants and over $5.3M in plan assets.

Did you know?

For the average 401k participant, the 24 point difference between this plan's BrightScope Rating (58) and the top rated plan (82) could equate to:
12
Additional years of work
125,791
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 12/31/2010
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address Po Box 246
  • Location
    Anoka , MN
  • 55303
  • Industry
    Manufacturing
  • Administrator
    Dee Phillips
  • Net Plan Assets
    $5,340,000
  • Total Participants
    97
  • Avg Account Balance
    $56,000

Plan Components

Component Ratings

Design

Total Plan Cost:
High Fees
Company Generosity:
Poor

Performance

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

Design

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

Performance

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

Peer Group Plans

Company Rating
Schneider Electric USA 72.4
IQE 70.6
Computrol 61.9
Art's Electric 47.5
Hallmark Circuits 47.2
Frequency Electronics 32.5
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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
Minnesota Life Large Equity II 15%
N/A
Minnesota Life Long-Term Investment Grade Bond IA 14%
N/A
Minnesota Life Large Growth Equity III 13%
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
Minnesota Life
Administration
Minnesota Life
Recordkeeper
Minnesota Life
Auditor
Abdo, Eick & Meyers LLP

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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