Farmers National Bank of Canfield
62
Plan:
Farmers National Bank 401k Retirement Savings Plan
19
64
78
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (62) and the top rated plan (78) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $142,300 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
Farmers National Bank 401k Retirement Savings 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 15% of plans for Investment Menu Quality. Farmers National Bank 401k Retirement Savings Plan currently has over 300 active participants and over $8.6M in plan assets.
Retirement Plan Details
| Address |
20 S Broad St
Canfield, OH 44406-1401 |
| Industry | Commercial Banking |
| Administrator | Gina M Price |
| Sponsor | Mark A. Nicastro |
| Net Plan Assets | $8,590,000 |
| Total Participants | 340 |
| Avg Account Balance | $25,000 |
Compare Other Companies in Peer Group
| Bank Rhode Island | 69.4 |
| Mercantile Bank | 67.5 |
| Community State Bank | 63.1 |
| Wilshire State Bank | 61.3 |
| Premier Financial Bancorp | 59.9 |
| Los Alamos National Bank | 57.6 |
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