Overview

Plan Rating

BrightScope Rating
18
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (16)
Average in Peer Group (55)
Highest in Peer Group (83)

Plan Description

Local 1245 Severance Plan is a defined contribution plan. This plan has a BrightScope Rating of 18. Local 1245 Severance Plan currently has over 600 active participants and over $7.5M in plan assets.

Did you know?

For the average 401k participant, the 65 point difference between this plan's BrightScope Rating (18) and the top rated plan (83) could equate to:
29
Additional years of work
568,177
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 48 Stiles Lane, Suite 204
  • Location
    Pine Brook , NJ
  • 07058
  • Industry
    Supermarkets and Other Grocery (except Convenience) Stores
  • Administrator
    Donna Colucci
  • Sponsor
    Joan Williams
  • Net Plan Assets
    $7,460,000
  • Total Participants
    680
  • Avg Account Balance
    $11,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Highest
Company Generosity:
Poor

Performance

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

Design

Total Plan Cost:
Highest
Company Generosity:
Below Avg.

Performance

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

Peer Group Plans

Company Rating
Baffetto 58.1
Payless Markets 56.9
Riesbeck Food Market 54.3
Karns Prime & Fancy Food, Ltd. 51.5
Puget Consumers' Co-op 49.0
Marukai 45.3

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

20

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Total Certificates of Deposit 27%
N/A
Total Corporate Bonds 26%
N/A
Total Interest Bearing Cash 13%
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
Administration
Benefit Plans Administrative Service (BPAS)
Legal Counsel
Morgan, Lewis & Bockius, LLP
Investment Adviser
Bank of America Merrill Lynch
Auditor
Baratz & Associates, P.A.

Articles and Questions

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