Overview

Plan Rating

BrightScope Rating
77
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (37)
Average in Peer Group (70)
Highest in Peer Group (85)

Plan Description

Mazak Employee Shared Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 77. This plan is in the top 15% of plans for Account Balances. Mazak Employee Shared Savings Plan currently has over 1,000 active participants and over $116.5M in plan assets.

Did you know?

For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (77) and the top rated plan (85) could equate to:
4
Additional years of work
102,525
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 8025 Production Drive
  • Location
    Florence , KY
  • 41042
  • Industry
    Manufacturing
  • Administrator
    Michael Vogt
  • Net Plan Assets
    $117,000,000
  • Total Participants
    1,000
  • Avg Account Balance
    $120,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Above Average

Performance

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

Design

Total Plan Cost:
High Fees
Company Generosity:
Average

Performance

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

Peer Group Plans

Company Rating
Veeco Instruments 83.2
Krones 77.7
Hoerbiger America Holding 75.8
Universal Instruments 74.5
Sunnen Products Company 67.1
Timkensteel 57.6
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Investments

Investment Menu Stats

# of Investment Options

32

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Fidelity Advisor Stable Value 12%
N/A
T. Rowe Price Retirement 10%
10%
Fidelity Advisor New Insights 8%
24%
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
Flagel, Huber, Flagel & Co.

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

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