United Bank of Iowa
72
Plan:
Ida Grove Bancshares, Inc. Employee Stock Ownership Plan with 401k Provisions
9
67
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (72) and the top rated plan (88) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $135,100 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
Ida Grove Bancshares, Inc. Employee Stock Ownership Plan with 401k Provisions is a defined contribution plan with a profit-sharing component, stock bonus component, 401k feature, and leveraged ESOP component. This plan has a BrightScope Rating of 72. This plan is in the top 15% of plans for Account Balances, Participation Rate, and Total Plan Cost. Ida Grove Bancshares, Inc. Employee Stock Ownership Plan with 401k Provisions currently has over 200 active participants and over $20.2M in plan assets.
Retirement Plan Details
| Address |
501 2nd Street
Po Box 111 Ida Grove, IA 51445-0111 |
| Industry | Offices of Bank Holding Companies |
| Administrator | Dan Dotzler |
| Net Plan Assets | $20,200,000 |
| Total Participants | 210 |
| Avg Account Balance | $92,000 |
Compare Other Companies in Peer Group
| Sega of America | 76.3 |
| Southwest Missouri Bancorporation | 69.2 |
| American Bank of St. Paul | 68.7 |
| First National Management Company | 68.3 |
| C.B. Management Company | 59.7 |
| Cooper Communities | 55.0 |
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