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Company:
Danversbank
Plan:
Sbera 401k Plan As Adopted By Danversbank
 

Danversbank

77 Plan:

 
 
77
29
66
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (77) and the top rated plan (85) could equate to:
[How is this calculated?]
5 additional years of work
Up to $28,700 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

Sbera 401k Plan As Adopted By Danversbank is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 77, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Total Plan Cost. Sbera 401k Plan As Adopted By Danversbank currently has over 500 active participants and over $28.6M in plan assets.


 Investment Menu Statistics

No. of Investment Options
2
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. The Savings Banks Employees Retirement Association Common/Collective Trust 98%
2. Participant Loans 1%

 Retirement Plan Details

Address One Conant Street
Danvers, MA 01923 
Industry Savings Institutions
Administrator Thomas Forese Jr.
Net Plan Assets $28,600,000
Total Participants 560
Avg Account Balance $56,000

  Plan Service Provider

Auditor Parent Mclaughlin & Nangle