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Company:
The Bank of Clarke County
Plan:
The Bank of Clarke County Employee 401k Savings and Stock Ownership Plan
 

The Bank of Clarke County

74 Plan: The Bank of Clarke County Employee 401k Savings and Stock Ownership Plan

 
 
74
22
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 13 point difference between this plan's BrightScope Rating (74) and the top rated plan (87) could equate to:
[How is this calculated?]
8 additional years of work
Up to $30,500 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 Bank of Clarke County Employee 401k Savings and Stock Ownership Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 74, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity and Investment Menu Quality. The Bank of Clarke County Employee 401k Savings and Stock Ownership Plan currently has over 100 active participants and over $7.7M in plan assets.

 

 Retirement Plan Details

Address 202 N Loudoun St Fl 3
Winchester, VA 22601-4952 
Industry Commercial Banking
Administrator Kaley Crosen
Net Plan Assets $7,710,000
Total Participants 190
Avg Account Balance $44,000

 Compare Other Companies in Peer Group

Alliance Bank 69.3
Midwest BankCentre 68.7
Park Bank 65.9
Vision Bank, NA 64.7
First Security Bank 58.1
First Columbia Bank & Trust Co. 57.2

 Top 3 Funds in this 401k

1. Total Common Stocks 24%
2. Russell LifePoints Balanced Strategy 9%
3. Principal Stable Value Fund 6%

  Plan Service Providers

Insurance Carrier Principal Financial Group
Administration Principal Financial Group
Auditor Smith Elliott Kearns & Company, LLC

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