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Company:
First Premier Bank
Plan:
Premier 401k Retirement Plan
 

First Premier Bank

64 Plan: Premier 401k Retirement Plan

 
 
64
41
65
84
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (64) and the top rated plan (84) could equate to:
[How is this calculated?]
10 additional years of work
Up to $116,800 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

Premier 401k Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 64. This plan is in the top 15% of plans for Investment Menu Quality and Total Plan Cost. Premier 401k Retirement Plan currently has over 2,400 active participants and over $50.4M in plan assets.

 

 Retirement Plan Details

Address P.O. Box 2640
Sioux Falls, SD 57101-2640 
Industry Commercial Banking
Administrator Scott Weeldreyer
Net Plan Assets $50,400,000
Total Participants 2,500
Avg Account Balance $22,000

 Compare Other Companies in Peer Group

First Financial Bancorp 67.0
Plains Capital 63.0
Hancock Bank 61.5
Northwest Savings Bank 61.1
The Park National 59.4
BancWest 46.3

 Top 3 Funds in this 401k

1. MetLife Stable Value Fund 15%
2. American Funds Growth Fund of America 8%
3. Vanguard 500 Index 7%

  Plan Service Providers

Corporate Trustee Fiserv, Inc.
Auditor Jones, Kramer & Haber, LLP

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