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Company:
Amalgamated Bank of Chicago
Plan:
Amalgamated Bank of Chicago Salaried Employees' Profit Sharing Plan
 

Amalgamated Bank of Chicago

80 Plan:

 
 
80
31
70
89
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (80) and the top rated plan (89) could equate to:
[How is this calculated?]
7 additional years of work
Up to $6,200 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

Amalgamated Bank of Chicago Salaried Employees' Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 80, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, and Total Plan Cost. Amalgamated Bank of Chicago Salaried Employees' Profit Sharing Plan currently has over 100 active participants and over $14.9M in plan assets.


 Investment Menu Statistics

No. of Investment Options
16
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Vanguard Growth Index 14%
2. Schwab Money Market 13%
3. Dreyfus Bond Market Index 11%

 Retirement Plan Details

Address One West Monroe
Chicago, IL 60603-5301 
Industry Commercial Banking
Administrator Robert Kressin
Net Plan Assets $14,900,000
Total Participants 140
Avg Account Balance $100,000

 
Plan Service Providers

Investment Adviser Charles Schwab
Recordkeeper Charles Schwab
Auditor Kpmg, LLP