Somerset Trust Company
62
Plan:
25
65
82
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (62) and the top rated plan (82) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $125,500 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
Somerset Trust Company 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 35% of plans for Participation Rate and Total Plan Cost. Somerset Trust Company 401k Profit Sharing Plan currently has over 100 active participants and over $6.9M in plan assets.
Retirement Plan Details
| Address |
Po Box 777
Somerset, PA 15501-0777 |
| Industry | Commercial Banking |
| Administrator | Gloria Pritts |
| Sponsor | Thomas J. Cook |
| Net Plan Assets | $6,930,000 |
| Total Participants | 190 |
| Avg Account Balance | $38,000 |
Compare Other Companies in Peer Group
| MFB Financial (The Savings Bank) | 74.1 |
| Uwharrie Capital | 72.1 |
| Security State Bank & Trust of... | 69.9 |
| Home State Bank | 67.2 |
| Atlantic Coast Bank | 67.1 |
| Cameron State Bank | 65.4 |
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