15 additional years of work Up to $114,400 in lost retirement savings.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.
| Address |
100 S 2nd Ave
Alpena, MI 49707-2814 |
| Industry | Commercial Banking |
| Administrator | Joseph Gentry |
| Net Plan Assets | $1,980,000 |
| Total Participants | 110 |
| Avg Account Balance | $19,000 |
| Jacksonville Bancorp | 67.2 |
| OneUnited Bank | 61.4 |
| Bank of the Carolinas | 57.8 |
| Community Shores Bank | 56.4 |
| Federal Trust Bank | 56.4 |
| Britton & Koontz Capital | 52.0 |
| 1. | Principal Stable Value Fund | 14% |
| 2. | Principal LifeTime 2020 | 9% |
| 3. | Principal Large Cap Growth | 8% |
| Insurance Carrier | Principal Financial Group |
| Corporate Trustee | Principal Financial Group |
| Insurance Advisor/Broker | Questar Agency, Inc. |
| Recordkeeper | Principal Financial Group |
BrightScope Rating
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