Overview

Plan Rating

BrightScope Rating
53
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 (69)
Highest in Peer Group (86)

Plan Description

McMichael Mills, Inc. 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 53. This plan is in the top 15% of plans for Participation Rate. McMichael Mills, Inc. 401k Savings Plan currently has over 300 active participants and over $8.6M in plan assets.

Did you know?

For the average 401k participant, the 33 point difference between this plan's BrightScope Rating (53) 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 Po Box 507
  • Location
    Madison , NC
  • 27025
  • Industry
    Manufacturing
  • Administrator
    Martha Ford
  • Net Plan Assets
    $8,620,000
  • Total Participants
    300
  • Avg Account Balance
    $29,000

Plan Components

Component Ratings

Design

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

Performance

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

Design

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

Performance

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

Peer Group Plans

Company Rating
Avgol America 64.9
Tex-Tech Industries 61.6
1888 Mills, LLC 58.4
Schneider Mills 55.2
Hornwood 51.0
National Spinning Co. 47.9

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

31

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Morley Stable Value Fund 24%
N/A
Principal Financial Group LifeTime Hybrid 18%
N/A
Principal Large Cap S&P 500 Index 14%
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
Principal Financial Group
Insurance Advisor/Broker
NFP Securities, Inc.
Insurance Advisor/Broker
Kestra Advisory Services, LLC
Administration
Principal Financial Group
Recordkeeper
Principal Financial Group
Auditor
Butler & Burke LLP

Articles and Questions

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