The First National Bank in Sioux Falls
72
Plan:
41
67
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (72) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $22,800 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
The First National Bank in Sioux Falls Employees Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 72. This plan is in the top 15% of plans for Account Balances, Company Generosity, and Total Plan Cost. The First National Bank in Sioux Falls Employees Profit Sharing Plan currently has over 300 active participants and over $33.7M in plan assets.
Retirement Plan Details
| Address |
Po Box 5186
Sioux Falls, SD 57117-5186 |
| Industry | Commercial Banking |
| Administrator | Richard J. Corcoran |
| Sponsor | Kim Elbers |
| Net Plan Assets | $33,700,000 |
| Total Participants | 320 |
| Avg Account Balance | $110,000 |
Compare Other Companies in Peer Group
| Community Bank | 73.7 |
| Farmers & Merchants Bank of... | 72.1 |
| Adirondack Trust Company | 70.1 |
| The Bank of Edwardsville | 69.0 |
| United Bank | 68.5 |
| Merchants Bank | 67.3 |
Top 3 Funds in this 401k
| 1. | Vanguard 500 Index | 18% |
| 2. | DFA International Value | 10% |
| 3. | DFA US Large Cap Value I | 8% |
Plan Service Providers
| Insurance Carrier | ING |
| Insurance Carrier | Northwestern Mutual |
| Insurance Carrier | New York Life |
| Insurance Advisor/Broker | Terrance A Tendler |
| Insurance Advisor/Broker | James J. Cronin |
| Insurance Advisor/Broker | Richard J Garry CLU ChFC MSFS |
| Recordkeeper | Marshall & Ilsley |
| Auditor | Eide Bailly LLP |
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