Merchants Financial Group, Inc.
60
Plan:
28
65
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 26 point difference between this plan's BrightScope Rating (60) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
13 additional years of work Up to $162,900 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
Merchants Financial Group, Inc. Incentive Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 60. This plan is in the top 35% of plans for Investment Menu Quality and Total Plan Cost. Merchants Financial Group, Inc. Incentive Savings Plan currently has over 400 active participants and over $10.1M in plan assets.
Retirement Plan Details
| Address |
P O Box 248
Winona, MN 55987-0248 |
| Industry | Offices of Bank Holding Companies |
| Administrator | Susan M. Savat |
| Net Plan Assets | $10,100,000 |
| Total Participants | 440 |
| Avg Account Balance | $23,000 |
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