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Company:
The Harbor Bank of Maryland
Plan:
The Harbor Bank of Maryland Employees 401k Profit Sharing Plan
 

The Harbor Bank of Maryland

61 Plan: The Harbor Bank of Maryland Employees 401k Profit Sharing Plan

 
 
61
23
62
76
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 (61) and the top rated plan (76) could equate to:
[How is this calculated?]
6 additional years of work
Up to $132,000 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 Harbor Bank of Maryland Employees 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 61. The Harbor Bank of Maryland Employees 401k Profit Sharing Plan currently has over 100 active participants and over $1.9M in plan assets.

 

 Retirement Plan Details

Address 25 W Fayette St
Baltimore, MD 21201-3702 
Industry Commercial Banking
Administrator Diane Hooker
Sponsor Teodoro J. Hernandez Svp& Laskieu
Net Plan Assets $1,910,000
Total Participants 130
Avg Account Balance $15,000

 Top 3 Funds in this 401k

1. Oppenheimer Main Street 15%
2. Invesco Money Market Cash Reserve 13%
3. Invesco Large Cap Growth 10%

  Plan Service Providers

Auditor SB & Company, LLC
Corporate Trustee Reliance Trust Company

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