Mackinac Financial Corporation
62
Plan:
Mackinac Financial Corporation 401k Plan
28
64
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 24 point difference between this plan's BrightScope Rating (62) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
12 additional years of work Up to $140,300 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
Mackinac Financial Corporation 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 35% of plans for Investment Menu Quality. Mackinac Financial Corporation 401k Plan currently has over 100 active participants and over $2.4M in plan assets.
Retirement Plan Details
| Address |
130 S Cedar St
Manistique, MI 49854-1438 |
| Industry | Offices of Bank Holding Companies |
| Administrator | Linda Bolda |
| Net Plan Assets | $2,410,000 |
| Total Participants | 120 |
| Avg Account Balance | $21,000 |
Compare Other Companies in Peer Group
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| OPM Services | 34.9 |
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