Somerset Trust Company
55
Plan:
30
62
75
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 (55) and the top rated plan (75) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $107,800 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
Somerset Trust Company Employee Stock Ownership Plan is a defined contribution plan with a leveraged ESOP component. This plan has a BrightScope Rating of 55. This plan is in the top 15% of plans for Investment Menu Quality and Total Plan Cost. Somerset Trust Company Employee Stock Ownership Plan currently has over 100 active participants and over $2.2M 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 | $2,240,000 |
| Total Participants | 170 |
| Avg Account Balance | $12,000 |
Compare Other Companies in Peer Group
| Fox Chase Bank | 64.8 |
| Woori America Bank | 64.1 |
| Central Progressive Bank | 59.2 |
| First Staunton Bancshares | 55.5 |
| Premier Bank | 54.3 |
| The Juniata Valley Bank | 53.7 |
Comments