Lakeland Financial Corporation
67
Plan:
Lakeland Financial Corporation 401k Plan
22
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (67) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $160,600 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
Lakeland Financial Corporation 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 67. This plan is in the top 15% of plans for Participation Rate and Total Plan Cost. Lakeland Financial Corporation 401k Plan currently has over 500 active participants and over $34.8M in plan assets.
Retirement Plan Details
| Address |
114 East Market Street
Warsaw, IN 46580 |
| Industry | Commercial Banking |
| Administrator | Jill A Debatty |
| Net Plan Assets | $34,800,000 |
| Total Participants | 590 |
| Avg Account Balance | $60,000 |
Compare Other Companies in Peer Group
| Provident New York Bancorp | 73.5 |
| Old Second Bancorp | 68.0 |
| Merchants Bank | 67.3 |
| Centier Bank | 66.1 |
| Apple Bank for Savings | 61.6 |
| Community Bancshares of Mississippi | 55.0 |
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