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Company:
FirstMerit Corporation
Plan:
FirstMerit Corporation and Affiliates Employees’ Salary Savings Retirement Plan
 

FirstMerit Corporation

73 Plan: FirstMerit Corporation and Affiliates Employees’ Salary Savings Retirement Plan

 
 
73
34
71
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 17 point difference between this plan's BrightScope Rating (73) and the top rated plan (90) could equate to:
[How is this calculated?]
11 additional years of work
Up to $13,200 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

FirstMerit Corporation and Affiliates Employees’ Salary Savings Retirement Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 73. This plan is in the top 15% of plans for Total Plan Cost. FirstMerit Corporation and Affiliates Employees’ Salary Savings Retirement Plan currently has over 5,100 active participants and over $303.8M in plan assets.


 Investment Menu Statistics

No. of Investment Options
24
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. American Funds AMCAP 14%
2. FirstMerit Corporation Common Stock 12%
3. Schwab S&P 500 Index 11%

 Retirement Plan Details

Address Iii Cascade Plaza
Akron, OH 44308-1103 
Industry Commercial Banking
Administrator Jane Litz
Net Plan Assets $304,000,000
Total Participants 5,100
Avg Account Balance $64,000

 
Plan Service Providers

Recordkeeper Charles Schwab
Recordkeeper Prudential
Auditor BDO Seidman, LLP