Magnum Electric 401(k) Profit Sharing Plan

Wealthminder's Take

Magnum Electric 401(k) Profit Sharing Plan at Magnum Electric, Inc. in the Construction industry has an unknown number of investment options, and a total of $2,553,683.00 in assets. With 94 participants, the Magnum Electric 401(k) Profit Sharing Plan has an average balance per participant of $27,166.84.

Plan Ratings
Compared to other Construction plans
Wealthminder Rating
5
62
Your Plan
88

The Wealthminder rating is a quantitative scoring of 401k plans based on information submitted in regulatory filing documents. The rating was developed by Wealthminder and benchmarks a company's 401k plan against other plans in its industry peer group.

Wealthminder designed the rating to help employees to evaluate the relative quality of their employer's 401k plan, as well as for administrators to identify areas where they can make improvements.

Component Rating
Score
Total Plan Cost
81
Company Match Level
73
Employee Participation Rate
55
Employee Contribution Level
43
Average Balance Size
25
Magnum Electric, Inc. Details
Address
471 Christianson Drive W.
West Fargo, ND 58078
Telephone
701-551-3240
Total Assets
$2,553,683.00
Filing Year
2,015
Plan Type
Single Employer
Total Participants
94
Plan Investment Options
This information is not available for this plan
Service Providers
This information is not available for this plan
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