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MCGRIFF INDUSTRIES, INC.

Cullman, Alabama
Truck Transportation
201-500 employees
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Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
Mcgriff 401(K) Plan
This plan lags significantly behind industry standards, which can hurt recruitment efforts and lead to higher employee turnover.
MCGRIFF INDUSTRIES, INC.
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Plan Benchmark

Disclaimer: Ratings are based on firm-provided, independently audited data and reflect Mployer Advisor's opinion. They are not financial or legal advice and should be one of many factors considered when evaluating a retirement plan.
$904
Avg Employer Contribution per Person per Year
Laggard
EE Friendly
Plan Design
Leading
EE Friendly
Admin Fees as a % of Total Assets
Leading
10%
1 Year Return
Below

Peer Group

Size
100-499 employees
Region
Southeast
Industry
Wholesale Trade

Employer & Employee Contribution

Factors like longer employee tenure and more generous match rates result in higher contributions.
Average Employer Contribution
Employer
Cohort
Average Employee Contribution
Employee
Cohort

Plan Details

Plan name
Mcgriff 401(K) Plan
Plan type
401k
Plan start date
01/01/1984
Plan assets
$17,305,876
Participation Rate
89.68 %
Loan %
3.47 %
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Key Plan Features

Each employer retirement plan is unique with different features that can benefit employees.
Loans
Yes
Self-directed
No
Auto-Enroll
Yes
Vesting Requirements
Yes

Returns

The below return percentage is an approximate one-year return. Specific employee start date's and other factors can shift the percentage up or down.
Average Returns
Employer
Cohort

Administrative Fees

Retirement plans pays fees each year to advisors and other vendors. This shows how your fees compare to like plans both as a percent of total and overall.
Administration Fees $
Employer
Cohort
Administrative Fees %
Employer
Cohort
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