Shorebank Corporation
70
Plan:
Shorebank Retirement Savings Plan
33
67
81
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (70) and the top rated plan (81) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $46,400 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
Shorebank Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70. This plan is in the top 35% of plans for Account Balances, Investment Menu Quality, and Total Plan Cost. Shorebank Retirement Savings Plan currently has over 600 active participants and over $30.8M in plan assets.
Retirement Plan Details
| Address |
2230 S. Michigan Ave., Suite 200
Chicago, IL 60616 |
| Industry | Savings Institutions |
| Administrator | Beth Wagner |
| Net Plan Assets | $30,800,000 |
| Total Participants | 650 |
| Avg Account Balance | $49,000 |
Compare Other Companies in Peer Group
| The Cape Cod Five Cents Savings Bank | 78.2 |
| Salem Five Cents Savings Bank | 76.0 |
| Berkshire Bank | 72.5 |
| Bangor Savings Bank | 70.5 |
| Liberty Bank | 67.7 |
| Home Federal Bank of Tennessee | 61.4 |
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