Overview

Plan Rating

BrightScope Rating
55
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (43)
Average in Peer Group (70)
Highest in Peer Group (86)

Plan Description

Schneider Mills Employees' Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 55. This plan is in the top 35% of plans for Participation Rate. Schneider Mills Employees' Trust currently has over 300 active participants and over $12.5M in plan assets.

Did you know?

For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (55) and the top rated plan (86) could equate to:
26
Additional years of work
*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 1170 Hwy 16 North
  • Location
    Taylorsville , NC
  • 28681
  • Industry
    Manufacturing
  • Administrator
    David Burroughs
  • Net Plan Assets
    $12,500,000
  • Total Participants
    370
  • Avg Account Balance
    $36,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

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

Design

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

Performance

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

Peer Group Plans

Company Rating
Davlyn Manufacturing Co. 67.3
Barrday 63.8
1888 Mills, LLC 58.4
Great Socks Holding Co. 57.7
McMurray Fabrics 57.7
Hornwood 51.0

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

26

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
American Funds (Capital Group) Target Date Retirement 14%
9%
Wells Fargo Stable Value 12%
N/A
T. Rowe Price Blue Chip Growth 9%
66%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
Ascensus, LLC
Investment Adviser
Bank of America Merrill Lynch
Auditor
Bernard Robinson & Company, LLP

Articles and Questions

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