The Savings Bank Life Insurance Company of Massachusetts
81
Plan:
The Savings Bank Life Insurance Company of Massachusetts 401k Plan
40
74
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 6 point difference between this plan's BrightScope Rating (81) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
4 additional years of work Up to $55,400 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
The Savings Bank Life Insurance Company of Massachusetts 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 81, 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, Salary Deferral, and Total Plan Cost. The Savings Bank Life Insurance Company of Massachusetts 401k Plan currently has over 200 active participants and over $27.3M in plan assets.
Retirement Plan Details
| Address |
One Linscott Road
Woburn, MA 01801 |
| Industry | Finance and Insurance |
| Administrator | Sandra Williams |
| Net Plan Assets | $27,300,000 |
| Total Participants | 260 |
| Avg Account Balance | $110,000 |
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