FirstMerit Corporation
66
Plan:
FirstMerit Corporation and Affiliates Employees' Salary Savings Retirement Plan
22
70
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 22 point difference between this plan's BrightScope Rating (66) and the top rated plan (88) could equate to:
[How is this calculated?]
[How is this calculated?]
12 additional years of work Up to $184,600 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 66. This plan is in the top 15% of plans for Investment Menu Quality, Participation Rate, and Total Plan Cost. FirstMerit Corporation and Affiliates Employees' Salary Savings Retirement Plan currently has over 3,300 active participants and over $132.9M in plan assets.
Retirement Plan Details
| Address |
106 South Main Street, 6th Floor
Akron, OH 44308-1444 |
| Industry | Commercial Banking |
| Administrator | Christopher Maurer |
| Net Plan Assets | $133,000,000 |
| Total Participants | 3,400 |
| Avg Account Balance | $40,000 |
Compare Other Companies in Peer Group
| Wintrust Financial | 72.3 |
| Whitney Holding | 70.2 |
| First Niagara Financial Group | 67.5 |
| Trustmark | 66.8 |
| F.N.B. | 66.4 |
| Citizens Republic Bancorp | 60.1 |
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