HMN Financial, Inc.
68
Plan:
Home Federal Savings Bank Employees' Savings and Profit Sharing Plan
23
63
80
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 12 point difference between this plan's BrightScope Rating (68) and the top rated plan (80) could equate to:
[How is this calculated?]
[How is this calculated?]
5 additional years of work Up to $81,100 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
Home Federal Savings Bank 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 68. This plan is in the top 35% of plans for Investment Menu Quality, Participation Rate, and Total Plan Cost. Home Federal Savings Bank Employees' Savings and Profit Sharing Plan currently has over 300 active participants and over $7.7M in plan assets.
Retirement Plan Details
| Address |
1016 Civic Center Drive Nw
Rochester, MN 55901 |
| Industry | Savings Institutions |
| Administrator | Brad Krehbiel |
| Sponsor | Lisa Ketterling |
| Net Plan Assets | $7,660,000 |
| Total Participants | 300 |
| Avg Account Balance | $25,000 |
Compare Other Companies in Peer Group
| PeoplesBank | 74.2 |
| Rockville Bank | 68.4 |
| Cascade Financial | 67.5 |
| Savings Institute Bank & Trust... | 64.5 |
| Northeast Bancorp | 63.5 |
| Carolina Financial | 63.3 |
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