Tower Financial Corporation
59
Plan:
Tower Financial 401k Plan
28
64
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 27 point difference between this plan's BrightScope Rating (59) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
14 additional years of work Up to $129,700 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
Tower Financial 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 59. This plan is in the top 35% of plans for Salary Deferral. Tower Financial 401k Plan currently has over 200 active participants and over $3.2M in plan assets.
Retirement Plan Details
| Address |
116 E Berry St Fl 2
Fort Wayne, IN 46802-2487 |
| Industry | Offices of Bank Holding Companies |
| Administrator | Erin Nash |
| Net Plan Assets | $3,230,000 |
| Total Participants | 200 |
| Avg Account Balance | $16,000 |
Compare Other Companies in Peer Group
| Gary Comer | 66.9 |
| Biomune Company | 65.6 |
| Mackinac Financial | 62.3 |
| Summit Financial Group | 47.1 |
| Rehabilitation Institutes of America | 46.9 |
| Monroe Bancorp | 35.6 |
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