First Federal of Northern Michigan
58
Plan:
58
17
64
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 28 point difference between this plan's BrightScope Rating (58) and the top rated plan (86) could equate to:
[How is this calculated?]
15 additional years of work
Up to $107,700 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.
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Retirement Plan Description
First Federal of Northern Michigan Employees' Savings and Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 58. This plan is in the top 35% of plans for Investment Menu Quality. First Federal of Northern Michigan Employees' Savings and Profit Sharing Plan currently has over 100 active participants and over $2.0M in plan assets.
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