Overview

Plan Rating

BrightScope Rating
63
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (49)
Average in Peer Group (70)
Highest in Peer Group (83)

Plan Description

Liftech Equipment Companies, Inc. Employee 401k Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 63. This plan is in the top 35% of plans for Account Balances. Liftech Equipment Companies, Inc. Employee 401k Retirement Plan currently has over 100 active participants and over $9.7M in plan assets.

Did you know?

For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (63) and the top rated plan (83) could equate to:
9
Additional years of work
147,926
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 6847 Ellicott Drive
  • Location
    East Syracuse , NY
  • 13057
  • Industry
    Wholesale Trade
  • Administrator
    Michael Vaughan
  • Net Plan Assets
    $9,700,000
  • Total Participants
    180
  • Avg Account Balance
    $61,000

Plan Components

Component Ratings

Design

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

Performance

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

Design

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

Performance

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

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

25

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
American Funds (Capital Group) Target Date Retirement 30%
2%
Vanguard 500 Index 18%
15%
Principal MidCap 11%
89%
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
Empower
Investment Adviser
LPL Financial Corp. (NRP)
Recordkeeper
Empower
Administration
Benefit Plans Administrative Service (BPAS)
Investment Adviser
Ifc Holdings Dba Invest
Auditor
Fust Charles Chambers LLP

Articles and Questions

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