Bank Midwest, Minnesota, Iowa, NA
70
Plan:
17
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 17 point difference between this plan's BrightScope Rating (70) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $24,100 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 Midwest, Minnesota, Iowa, NA 401k Profit Sharing Plan & Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70. This plan is in the top 35% of plans for Account Balances, Investment Menu Quality, Participation Rate, Salary Deferral, and Total Plan Cost. Bank Midwest, Minnesota, Iowa, NA 401k Profit Sharing Plan & Trust currently has over 100 active participants and over $11.1M in plan assets.
Retirement Plan Details
| Address |
1525 18th Street, Suite 100
Spirit Lake, IA 51360 |
| Industry | Commercial Banking |
| Administrator | Lori R. Koster |
| Sponsor | Mary Kay Bates |
| Net Plan Assets | $11,100,000 |
| Total Participants | 180 |
| Avg Account Balance | $63,000 |
Compare Other Companies in Peer Group
| The First National Bank & Trust... | 71.3 |
| Lincoln Bancorp | 60.1 |
| Kansas Agencies & Investments | 58.1 |
| FNB Bancorp | 55.5 |
| First National Bank of Pulaski | 51.8 |
| Cambridge Bancorp | 38.3 |
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