Overview

Plan Rating

BrightScope Rating
73
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (15)
Average in Peer Group (61)
Highest in Peer Group (88)

Plan Description

Drax Biomass Inc. 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 73, placing it in the top 15% of all plans in its peer group. This plan is also in the top 35% of plans for Company Generosity and Salary Deferral. Drax Biomass Inc. 401k Plan currently has over 100 active participants and over $2.2M in plan assets.

Did you know?

For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (73) and the top rated plan (88) could equate to:
9
Additional years of work
60,884
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 12/31/2016
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 5 Concourse Parkway Suite 3100
  • Location
    Atlanta , GA
  • 30328
  • Industry
    Manufacturing
  • Administrator
    Dean Hilderhoff
  • Net Plan Assets
    $2,170,000
  • Total Participants
    160
  • Avg Account Balance
    $20,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Above Average

Performance

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

Design

Total Plan Cost:
Low Fees
Company Generosity:
Great

Performance

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

Investments

Investment Menu Stats

# of Investment Options

25

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Empower Lifetime II 35%
N/A
T. Rowe Price Global Real Estate 7%
N/A
Great-West S&P 500 Index 5%
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
Empower
Insurance Advisor/Broker
Pauline Correia
Insurance Advisor/Broker
Andrea Vassiliadis
Insurance Advisor/Broker
Jamie Greenleaf
Administration
Tyler Associates, Inc.
Recordkeeper
Empower
Auditor
HLB Gross Collins, PC

Articles and Questions

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