The Farmers Bank
64
Plan:
Farmers Bank 401K Savings Plan
7
59
86
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 (64) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
12 additional years of work Up to $122,400 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 Bank 401K Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 64. This plan is in the top 35% of plans for Participation Rate. Farmers Bank 401K Savings Plan currently has over 100 active participants and over $3.3M in plan assets.
Retirement Plan Details
| Address |
9 E Clinton St
Frankfort, IN 46041-1902 |
| Industry | Commercial Banking |
| Administrator | Cindy Swope, Director of Hr |
| Sponsor | Karen Miller, President & CEO |
| Net Plan Assets | $3,270,000 |
| Total Participants | 140 |
| Avg Account Balance | $24,000 |
Compare Other Companies in Peer Group
| K-Fed Bancorp | 67.8 |
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| Anchor Mutual Savings Bank | 57.7 |
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| The Summit Federal Credit Union | 41.4 |
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