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 (32)
Average in Peer Group (74)
Highest in Peer Group (90)

Plan Description

Oakworks, Inc. 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 58. Oakworks, Inc. 401k Profit Sharing Plan currently has over 100 active participants and over $4.2M in plan assets.

Did you know?

For the average 401k participant, the 32 point difference between this plan's BrightScope Rating (58) and the top rated plan (90) could equate to:
18
Additional years of work
106,433
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 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 923 East Wellspring Road
  • Location
    New Freedom , PA
  • 17349
  • Industry
    Manufacturing
  • Administrator
    Kim Spangle
  • Net Plan Assets
    $4,160,000
  • Total Participants
    100
  • Avg Account Balance
    $44,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Highest
Company Generosity:
Poor

Performance

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

Design

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

Performance

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

Peer Group Plans

Company Rating
Corindus 84.1
Avinger 75.1
Defibtech, LLC 74.3
Pro-Dex 66.9
Water Jel Technologies, LLC 61.2
Retractable Technologies 60.3

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

28

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
TIAA-Nuveen Lifecycle Index 27%
8%
Key Guaranteed Portfolio Fund 18%
N/A
PIMCO Income 14%
51%
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
Empower
Recordkeeper
Empower
Administration
Pa Retirement Solutions, Inc.
Investment Adviser
RBC Wealth Management
Recordkeeper
Capital Group Ret Plan Services
Auditor
Baker Tilly

Articles and Questions

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