Danversbank
67
Plan:
23
62
80
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 13 point difference between this plan's BrightScope Rating (67) and the top rated plan (80) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $76,800 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
Danversbank Employee Stock Ownership Plan is a defined contribution plan with a leveraged ESOP component. This plan has a BrightScope Rating of 67. This plan is in the top 15% of plans for Participation Rate and Total Plan Cost. Danversbank Employee Stock Ownership Plan currently has over 200 active participants and over $18.5M in plan assets.
Retirement Plan Details
| Address |
One Conant Street
Danvers, MA 01923 |
| Industry | Savings Institutions |
| Administrator | Mark Panella |
| Net Plan Assets | $18,500,000 |
| Total Participants | 250 |
| Avg Account Balance | $21,000 |
Compare Other Companies in Peer Group
| HMN Financial | 68.0 |
| CapitalBank | 65.1 |
| Northeast Bancorp | 63.5 |
| Carolina Financial | 63.3 |
| Citizens First Bank | 60.9 |
| First South Bank | 60.8 |
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