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R&L | R & L Carriers, Inc. 401k Retirement Savings Plan and Trust details

shadowr434

shadowr434

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R & L Carriers, Inc. 401k Retirement Savings Plan and Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 51. This plan is in the top 15% of plans for Total Plan Cost. R & L Carriers, Inc. 401k Retirement Savings Plan and Trust currently has over 8,700 active participants and over $90.4M in plan assets.


R & L Carriers, Inc. 401k Rating by BrightScope
 
i wish i knew more about this subject, although i am enrolled.
seems like the plan is average to slightly below from what i am reading.
no surprise
 
Sort of sad..

From the above link:

For the average 401k participant, the 40 point difference between this plan's BrightScope Rating (51) and the top rated plan (91) could equate to:

21 additional years of work
Up to $214,300 in lost retirement savings.
 
dubba said:
Sort of sad..

From the above link:

For the average 401k participant, the 40 point difference between this plan's BrightScope Rating (51) and the top rated plan (91) could equate to:

21 additional years of work
Up to $214,300 in lost retirement savings.
Click to expand...

WOW!
real sad
 
Better than nothing though, I also saw some other LTL's that are in the 50's as well, so we are not alone. I think it is just the way it is......

This is why I also do other investments to help me along
 
401k - lost money

bullwagon said:
Better than nothing though, I also saw some other LTL's that are in the 50's as well, so we are not alone. I think it is just the way it is......

This is why I also do other investments to help me along
Click to expand...

I rolled over my 401 when Jevic closed. went with an IRA from Country companies. made back what I lost with the 401 in less than 3 years.
 
$90.4 Million divided by 8700 is $10,390.80 per person. Or an average payout of $865.90 for 12 months. Or $173.18 for 60 months.
I know some of you are contributing more than others and may be doing fine, but you guys need to step it up or risk living in poverty
when you can't work anymore. Most guys working in their 70's don't do it because they love their job. Most didn't plan well.
 
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