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 (34)
Average in Peer Group (72)
Highest in Peer Group (90)

Plan Description

FairPoint Communications, Inc. Employees Savings Plan is a defined contribution plan with a 401k feature. This plan has a BrightScope Rating of 77. This plan is in the top 15% of plans for Account Balances and Total Plan Cost. FairPoint Communications, Inc. Employees Savings Plan currently has over 1,600 active participants and over $173.0M in plan assets.

Did you know?

For the average 401k participant, the 13 point difference between this plan's BrightScope Rating (77) and the top rated plan (90) could equate to:
9
Additional years of work
144,476
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 521 E. Morehead Street, Suite 500
  • Location
    Charlotte , NC
  • 28202
  • Industry
    Information
  • Administrator
    John Whitener
  • Net Plan Assets
    $173,000,000
  • Total Participants
    1,700
  • Avg Account Balance
    $110,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Above Average

Performance

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

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

Participation Rate:
Above Average
Salary Deferrals:
Above Average
Account Balance:
Above Average
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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
Wells Fargo Advantage Dow Jones Target 21%
31%
Vanguard Institutional Index 17%
7%
Diversified Stable Pooled Fund 8%
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
Recordkeeper
Transamerica
Auditor
Greer & Walker