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Company:
Mesaba Bancshares, Inc.
Plan:
Mesaba Bancshares, Inc. 401k Profit Sharing Plan
 

Mesaba Bancshares, Inc.

64 Plan: Mesaba Bancshares, Inc. 401k Profit Sharing Plan

 
 
64
11
60
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 24 point difference between this plan's BrightScope Rating (64) and the top rated plan (88) could equate to:
[How is this calculated?]
14 additional years of work
Up to $167,700 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

Mesaba Bancshares, Inc. 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 64. Mesaba Bancshares, Inc. 401k Profit Sharing Plan currently has over 200 active participants and over $8.4M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
21
Plan Average: 24
Top 3 Funds in this 401k
1. Key Guaranteed Portfolio Fund 22%
2. MFS Value 12%
3. Nuveen Strategy Growth Allocation 9%

 Retirement Plan Details

Address 572 Fifth Ave.
Calumet, MN 55716 
Industry Offices of Bank Holding Companies
Administrator Scott Maki
Sponsor Bryan L. Rude
Net Plan Assets $8,380,000
Total Participants 240
Avg Account Balance $43,000

  Plan Service Providers

Insurance Carrier Great-West Life
Insurance Advisor/Broker Cetera Advisor Networks, LLC
Auditor CliftonLarsonAllen LLP

 Comments