The Bancorp Bank
72
Plan:
The Bancorp Bank 401k Plan
27
63
78
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 6 point difference between this plan's BrightScope Rating (72) and the top rated plan (78) could equate to:
[How is this calculated?]
[How is this calculated?]
3 additional years of work Up to $67,800 in lost retirement 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.
Retirement Plan Description
The Bancorp Bank 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 72, placing it in the top 15% of all plans in its peer group. This plan is also in the top 35% of plans for Salary Deferral. The Bancorp Bank 401k Plan currently has over 300 active participants and over $9.0M in plan assets.
Retirement Plan Details
| Address |
409 Silverside Rd.
Wilmington, DE 19809 |
| Industry | Commercial Banking |
| Administrator | Jennifer Wilson |
| Net Plan Assets | $8,970,000 |
| Total Participants | 390 |
| Avg Account Balance | $23,000 |
Compare Other Companies in Peer Group
| Eastern Virginia Bankshares | 63.9 |
| Porter Bancorp | 63.5 |
| Wilshire State Bank | 61.3 |
| State Bank & Trust Company | 60.4 |
| First State Bancshares | 57.8 |
| Community Bankshares | 56.3 |
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