Stearns Financial Services, Inc.
56
Plan:
9
71
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (56) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
16 additional years of work Up to $170,200 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
Stearns Financial Services, Inc. Employee Stock Ownership Plan is a defined contribution plan with a stock bonus component and leveraged ESOP component. This plan has a BrightScope Rating of 56. This plan is in the top 15% of plans for Account Balances and Total Plan Cost. Stearns Financial Services, Inc. Employee Stock Ownership Plan currently has over 200 active participants and over $51.8M in plan assets.
Retirement Plan Details
| Address |
Post Office Box 7338
St. Cloud, MN 56302-7338 |
| Industry | Offices of Bank Holding Companies |
| Administrator | John Halvorson |
| Net Plan Assets | $51,800,000 |
| Total Participants | 290 |
| Avg Account Balance | $180,000 |
Compare Other Companies in Peer Group
| Allied Irish Banks, p.l.c. | 84.6 |
| ICM Holdings | 74.8 |
| Furmanite | 68.6 |
| XTRA | 67.5 |
| PACE Resources | 63.9 |
| Superior Group | 63.2 |
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