Bank of the Carolinas
56
Plan:
Bank of the Carolinas 401k Plan
22
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (56) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
16 additional years of work Up to $148,300 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
Bank of the Carolinas 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 56. This plan is in the top 15% of plans for Investment Menu Quality. Bank of the Carolinas 401k Plan currently has over 100 active participants and over $1.6M in plan assets.
Retirement Plan Details
| Address |
P.O. Box 347/106 York Way
Advance, NC 27006 |
| Industry | Commercial Banking |
| Administrator | Amy Shoffner |
| Net Plan Assets | $1,590,000 |
| Total Participants | 130 |
| Avg Account Balance | $13,000 |
Compare Other Companies in Peer Group
| Premier Valley Bank | 66.8 |
| OneUnited Bank | 64.5 |
| Edmonton Bancshares | 59.2 |
| First United Bank | 55.9 |
| North State Bancorp | 52.5 |
| Town North Bank, N.A. | 21.6 |
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