Overview

Plan Rating

BrightScope Rating
71
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (46)
Average in Peer Group (71)
Highest in Peer Group (87)

Plan Description

Schaeffler Group USA Savings Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 71. This plan is in the top 35% of plans for Account Balances, Company Generosity, Participation Rate, and Total Plan Cost. Schaeffler Group USA Savings Retirement Plan currently has over 6,600 active participants and over $356.4M in plan assets.

Did you know?

For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (71) and the top rated plan (87) could equate to:
9
Additional years of work
127,119
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 12/31/2014
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 308 Springhill Farm Rd
  • Location
    Fort Mill , SC
  • 29715
  • Industry
    Manufacturing
  • Administrator
    Timothy Zygmont
  • Net Plan Assets
    $356,000,000
  • Total Participants
    6,600
  • Avg Account Balance
    $57,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Above Average

Performance

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

Design

Total Plan Cost:
High Fees
Company Generosity:
Average

Performance

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

Peer Group Plans

Company Rating
Dematic 81.9
Rexnord 74.8
AGCO 73.3
Worthington Industries 72.6
Terex 72.2
Valmont Industries 69.8
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Investments

Investment Menu Stats

# of Investment Options

35

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Fidelity Freedom Funds 32%
15%
T. Rowe Price Dividend Growth 8%
4%
Fidelity Contrafund 8%
41%
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
Fidelity
Auditor
Blacka Jessup & Henderson LLP

Articles and Questions

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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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