Firstbank Corporation
59
Plan:
Firstbank Corporation 401k Plan
22
66
83
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 (59) and the top rated plan (83) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $135,900 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
Firstbank Corporation 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 59. This plan is in the top 15% of plans for Investment Menu Quality. Firstbank Corporation 401k Plan currently has over 600 active participants and over $22.5M in plan assets.
Retirement Plan Details
| Address |
311 Woodworth Avenue
Alma, MI 48801-1826 |
| Industry | Commercial Banking |
| Administrator | David L Miller |
| Net Plan Assets | $22,500,000 |
| Total Participants | 650 |
| Avg Account Balance | $35,000 |
Compare Other Companies in Peer Group
| Central Bancshares | 75.9 |
| Sterling Bancorp | 69.4 |
| American National | 65.0 |
| Seacoast National Bank | 63.6 |
| Marquette Bank | 63.5 |
| Tompkins Trust Company | 46.6 |
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