Macatawa Bank Corporation
62
Plan:
Macatawa Bank 401k Plan
22
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 25 point difference between this plan's BrightScope Rating (62) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
12 additional years of work Up to $121,000 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
Macatawa Bank 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 15% of plans for Total Plan Cost. Macatawa Bank 401k Plan currently has over 400 active participants and over $14.4M in plan assets.
Retirement Plan Details
| Address |
10753 Macatawa Drive
Holland, MI 49424-9572 |
| Industry | Commercial Banking |
| Administrator | Ronald L. Haan |
| Net Plan Assets | $14,400,000 |
| Total Participants | 470 |
| Avg Account Balance | $31,000 |
Compare Other Companies in Peer Group
| Cardinal Financial | 73.3 |
| MidWestOne Financial Group | 67.9 |
| 1st Financial Bank USA | 66.4 |
| Community First Bancshares | 66.4 |
| Cadence Financial | 60.1 |
| Central Bancshares | 55.9 |
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