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 (35)
Average in Peer Group (64)
Highest in Peer Group (90)

Plan Description

O.R. Colan Associates 401k 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 and Salary Deferral. O.R. Colan Associates 401k Plan currently has over 200 active participants and over $10.0M in plan assets.

Did you know?

For the average 401k participant, the 19 point difference between this plan's BrightScope Rating (71) and the top rated plan (90) could equate to:
12
Additional years of work
34,208
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 12/31/2015
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 7005 Shannon Willow Road Suite 100
  • Location
    Charlotte , NC
  • 28226
  • Industry
    Lessors of Other Real Estate Property
  • Administrator
    John Shelton
  • Net Plan Assets
    $9,950,000
  • Total Participants
    200
  • Avg Account Balance
    $56,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

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

Design

Total Plan Cost:
Low Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Above Average
Salary Deferrals:
Above Average
Account Balance:
Great
Are you a Plan Sponsor?
Benchmark your plan against others to achieve your business objectives.

Investments

Investment Menu Stats

# of Investment Options

36

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Janus Opportunistic Growth 13%
N/A
Loomis Sayles Value 11%
N/A
Minnesota Life Guaranteed Return Account 9%
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
Minnesota Life
Insurance Advisor/Broker
Securian Financial Group, Inc.
Insurance Advisor/Broker
Minnesota Life
Investment Adviser
Minnesota Life
Administration
Minnesota Life
Recordkeeper
Minnesota Life
Auditor
Daszkal Bolton

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

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

Why Do Investment Expenses Matter?
Have a question about retirement plans?
Our community of registered financial advisors are standing by to share their experience.
Ask a question