Gaffney-Kroese Electrical Supply Corporation

64

Overview

Plan Rating

BrightScope Rating
64
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (43)
Average in Peer Group (69)
Highest in Peer Group (85)

Plan Description

Gaffney-Kroese Electrical Supply Corporation 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 64. This plan is in the top 15% of plans for Salary Deferral. Gaffney-Kroese Electrical Supply Corporation 401k Plan currently has over 200 active participants and over $10.4M in plan assets.

Did you know?

For the average 401k participant, the 21 point difference between this plan's BrightScope Rating (64) and the top rated plan (85) could equate to:
11
Additional years of work
89,163
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 50 Randolph Road
  • Location
    Somerset , NJ
  • 08873
  • Industry
    Wholesale Trade
  • Administrator
    Ian Korr
  • Net Plan Assets
    $10,400,000
  • Total Participants
    240
  • Avg Account Balance
    $82,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Poor

Performance

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

Design

Total Plan Cost:
Low Fees
Company Generosity:
Poor

Performance

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

Investment Menu Stats

# of Investment Options

25

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Vanguard 500 Index 25%
8%
T. Rowe Price Retirement 24%
2%
Reliance Stable Value 11%
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
ADP
Corporate Trustee
UBS Financial Services, Inc.
Recordkeeper
UBS Financial Services, Inc.
Auditor
EisnerAmper LLP

Articles and Questions

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