Sterling Bank and Trust
56
Plan:
Sterling Bank and Trust 401k Profit Sharing Plan and Trust
22
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (56) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
15 additional years of work Up to $171,800 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
Sterling Bank and Trust 401k Profit Sharing Plan and Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 56. Sterling Bank and Trust 401k Profit Sharing Plan and Trust currently has over 100 active participants and over $3.8M in plan assets.
Retirement Plan Details
| Address |
One Towne Square, 17th Floor
Southfield, MI 48076 |
| Industry | Commercial Banking |
| Administrator | Tom Lopp |
| Net Plan Assets | $3,820,000 |
| Total Participants | 140 |
| Avg Account Balance | $28,000 |
Compare Other Companies in Peer Group
| Finlayson Bancshares | 69.2 |
| First Bank Financial Centre | 64.7 |
| OneUnited Bank | 64.5 |
| First South Bank | 64.3 |
| Heartland Bank | 62.6 |
| North State Bancorp | 52.5 |
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