Independent Bank Corporation
61
Plan:
10
65
81
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 (61) and the top rated plan (81) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $106,900 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
Independent Bank Corporation 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 61. Independent Bank Corporation 401k Plan currently has over 1,300 active participants and over $31.8M in plan assets.
Retirement Plan Details
| Address |
3658 Hearland Blvd
Ionia, MI 48846-8757 |
| Industry | Commercial Banking |
| Administrator | Laurinda Neve |
| Net Plan Assets | $31,800,000 |
| Total Participants | 1,300 |
| Avg Account Balance | $24,000 |
Compare Other Companies in Peer Group
| PrivateBancorp | 72.1 |
| United Bankshares | 71.9 |
| Harleysville National | 63.3 |
| WesBanco | 62.5 |
| MainSource Financial Group | 59.6 |
| BancFirst | 39.7 |
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