Bank of Elmwood
63
Plan:
Bank of Elmwood ESOP and 401k Plan
10
67
87
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 (63) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
13 additional years of work Up to $100,500 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
Bank of Elmwood ESOP and 401k Plan is a defined contribution plan with a profit-sharing component, stock bonus component, 401k feature, and leveraged ESOP component. This plan has a BrightScope Rating of 63. This plan is in the top 15% of plans for Account Balances and Total Plan Cost. Bank of Elmwood ESOP and 401k Plan currently has over 100 active participants and over $17.9M in plan assets.
Retirement Plan Details
| Address |
2704 Lathrop Ave
Racine, WI 53405-4147 |
| Industry | Commercial Banking |
| Administrator | Thomas Rudey, Sr. Vice President |
| Sponsor | Jess S. Levin, President |
| Net Plan Assets | $17,900,000 |
| Total Participants | 150 |
| Avg Account Balance | $120,000 |
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