Overview

Plan Rating

BrightScope Rating
54
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (34)
Average in Peer Group (71)
Highest in Peer Group (86)

Plan Description

Thrift Plan for Hourly Employees of Lufkin Industries, Inc. is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 54. This plan is in the top 35% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. Thrift Plan for Hourly Employees of Lufkin Industries, Inc. currently has over 300 active participants and over $13.2M in plan assets.

Did you know?

For the average 401k participant, the 32 point difference between this plan's BrightScope Rating (54) and the top rated plan (86) could equate to:
16
Additional years of work
216,621
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 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address P O Box 849 601 S Raguet
  • Location
    Lufkin , TX
  • 75901
  • Industry
    Manufacturing
  • Administrator
    Wade Evans
  • Sponsor
    Daniel O. Webber
  • Net Plan Assets
    $13,200,000
  • Total Participants
    320
  • Avg Account Balance
    $58,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Above Average

Performance

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

Design

Total Plan Cost:
Low Fees
Company Generosity:
Above Average

Performance

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

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

15

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Morley Stable Value Fund 50%
N/A
Charles Schwab Managed Retirement 19%
N/A
Dodge & Cox Stock 7%
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
Charles Schwab
Auditor
Weaver and Tidwell

Articles and Questions

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