Overview

Plan Rating

BrightScope Rating
38
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (39)
Average in Peer Group (63)
Highest in Peer Group (86)

Plan Description

Friends of Children of Mississippi, Inc. 401k Profit Sharing Plan and Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 38. This plan is in the top 15% of plans for Participation Rate and Total Plan Cost. Friends of Children of Mississippi, Inc. 401k Profit Sharing Plan and Trust currently has over 700 active participants and over $8.5M in plan assets.

Did you know?

For the average 401k participant, the 48 point difference between this plan's BrightScope Rating (38) and the top rated plan (86) could equate to:
23
Additional years of work
298,650
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 6425 Lakeover Road
  • Location
    Jackson , MS
  • 39213
  • Industry
    Educational Services
  • Administrator
    Marvin Hogan
  • Net Plan Assets
    $8,510,000
  • Total Participants
    700
  • Avg Account Balance
    $12,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Below Avg.

Performance

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

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Average

Performance

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

Investment Menu Stats

# of Investment Options

30

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Total Interest Bearing Cash 54%
N/A
Mutual of America Retirement 25%
N/A
Mutual of America Equity Index 7%
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
Insurance Carrier
Mutual of America
Insurance Advisor/Broker
New Orleans Regional Office
Recordkeeper
Mutual of America
Auditor
Watkins, Ward & Stafford, PLLC