Overview

Plan Rating

BrightScope Rating
68
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (3)
Average in Peer Group (71)
Highest in Peer Group (87)

Plan Description

Synalloy Corporation 401k Employee Stock Ownership Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 68. This plan is in the top 35% of plans for Participation Rate. Synalloy Corporation 401k Employee Stock Ownership Plan currently has over 500 active participants and over $23.8M in plan assets.

Did you know?

For the average 401k participant, the 19 point difference between this plan's BrightScope Rating (68) and the top rated plan (87) could equate to:
10
Additional years of work
125,490
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 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 4510 Cox Road, Suite 201
  • Location
    Glen Allen , VA
  • 23060
  • Industry
    Manufacturing
  • Administrator
    Terry Jennings
  • Net Plan Assets
    $23,800,000
  • Total Participants
    590
  • Avg Account Balance
    $43,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

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

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

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

Peer Group Plans

Company Rating
Focal Point LLC 71.6
DMC Global 71.0
Kimber Mfg. 70.7
Dura-Bond Industries 68.2
Proper Group International, LLC 67.4
NIC Holdings 66.0

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

31

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
American Funds Capital Income Builder 33%
85%
Wells Fargo Stable Return Trust 10%
N/A
Vanguard US Growth 8%
3%
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
Bank of America Merrill Lynch
Auditor
BDO Seidman, LLP

Articles and Questions

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Why Do Investment Expenses Matter?
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