Wayne Savings Community Bank
34
Plan:
23
62
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 41 point difference between this plan's BrightScope Rating (34) and the top rated plan (75) could equate to:
[How is this calculated?]
[How is this calculated?]
16 additional years of work Up to $253,900 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
Wayne Savings Community Bank Employee Stock Ownership Plan is a defined contribution plan with a stock bonus component and leveraged ESOP component. This plan has a BrightScope Rating of 34. This plan is in the top 15% of plans for Participation Rate. Wayne Savings Community Bank Employee Stock Ownership Plan currently has over 100 active participants and over $2.5M in plan assets.
Retirement Plan Details
| Address |
151 N Market St
Wooster, OH 44691-4809 |
| Industry | Commercial Banking |
| Administrator | H. Stewart Fitz Gibbon II |
| Sponsor | H. Stewart Fitz Gibbon Ii, Evp/Cfo |
| Net Plan Assets | $2,510,000 |
| Total Participants | 130 |
| Avg Account Balance | $11,000 |
Compare Other Companies in Peer Group
| HeritageBank of the South | 68.8 |
| Federal Trust Bank | 66.5 |
| Heritage Banking Group | 59.0 |
| Community Bank, N.A. | 57.6 |
| Progressive Bancorp | 56.8 |
| First State Bank | 53.6 |
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