Southport Bank
66
Plan:
Southport Bank 401k Plan and Trust
30
62
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (66) and the top rated plan (75) could equate to:
[How is this calculated?]
[How is this calculated?]
5 additional years of work Up to $9,800 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
Southport Bank 401k Plan and Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 66. This plan is in the top 35% of plans for Participation Rate. Southport Bank 401k Plan and Trust currently has over 100 active participants and over $2.6M in plan assets.
Retirement Plan Details
| Address |
7027 Green Bay Rd
Kenosha, WI 53142-1436 |
| Industry | Commercial Banking |
| Administrator | Beth J Bahr |
| Sponsor | Karl J Ostby |
| Net Plan Assets | $2,580,000 |
| Total Participants | 140 |
| Avg Account Balance | $19,000 |
Compare Other Companies in Peer Group
| Valley Bank | 68.2 |
| American Community Bank | 64.5 |
| HeritageBank of the South | 60.3 |
| Horry County State Bank | 58.9 |
| Virginia National Bank | 56.1 |
| The Commercial Savings Bank | 51.3 |
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