Overview
Plan Description
Colfax Corporation 401k Savings Plan Plus is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 82. This plan is in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, Salary Deferral, and Total Plan Cost. Colfax Corporation 401k Savings Plan Plus currently has over 3,200 active participants and over $396.9M in plan assets.
Did you know?
For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (82) and the top rated plan (90) could equate to:
6
Additional years of work
69,685
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 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 420 National Business Pkwy, 5/f
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 420 National Business Pkwy, 5/f
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LocationAnnapolis Junction , MD20701
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IndustryManufacturing
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AdministratorChristopher M. Hix
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Net Plan Assets$397,000,000
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Total Participants3,200
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Avg Account Balance$120,000
Plan Components
Component Ratings
Design
Total Plan Cost:
Lowest Fees
Company Generosity:
Great
Performance
Participation Rate:
Great
Salary Deferrals:
Great
Account Balance:
Great
Design
Total Plan Cost:
Low Fees
Company Generosity:
Above Average
Performance
Participation Rate:
Great
Salary Deferrals:
Above Average
Account Balance:
Above Average
Peer Group Plans
Company | Rating |
---|---|
A?dec | 80.5 |
Kennametal | 78.4 |
Teleflex | 78.3 |
Harsco | 77.8 |
ACCO Brands | 76.1 |
R.S. Hughes Co. | 50.0 |
Top Industry Articles
Compliance
Stimulus Bill Extends Some Provisions of the CARES Act
It also provides a way for retirement plan sponsors to avoid a partial plan termination.
December 28, 2020
exclusives
Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others.
February 19, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Data & Research
Many Near-Retirees Don't Understand Social Security Benefits
More than one-third failed a basic Social Security quiz administered by MassMutual.
April 7, 2021
Compliance
The Most Common Retirement Plan Testing Mistakes
By alerting plan sponsors to the issues they see most often, advisers can help their clients navigate IRS testing rules.
April 12, 2021
Investments
Largest Funds in this Plan | Allocation of Assets | 1 YR Rank in Category |
---|---|---|
Vanguard Group Target Retirement | 34% |
34%
|
Fidelity Contrafund | 12% |
77%
|
Fidelity 500 Index | 10% |
10%
|
|
100%
|
|
|
100%
|
|
|
100%
|
|
|
100%
|
View all funds in this plan
Providers
Articles and Questions

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