C&F Financial Corporation
67
Plan:
Virginia Bankers Association Defined Contribution Plan for Citizens and Farmers Bank
26
64
87
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 (67) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $75,400 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
Virginia Bankers Association Defined Contribution Plan for Citizens and Farmers Bank is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 67. This plan is in the top 35% of plans for Company Generosity, Participation Rate, and Total Plan Cost. Virginia Bankers Association Defined Contribution Plan for Citizens and Farmers Bank currently has over 200 active participants and over $10.7M in plan assets.
Retirement Plan Details
| Address |
P.O. Box 391
West Point, VA 23181 |
| Industry | Commercial Banking |
| Administrator | Roxanne H. Sheppard |
| Sponsor | Thomas F. Cherry |
| Net Plan Assets | $10,700,000 |
| Total Participants | 250 |
| Avg Account Balance | $43,000 |
Compare Other Companies in Peer Group
| Heritage Commerce | 69.1 |
| Kentucky Bancshares | 66.8 |
| Foresight Financial Group | 65.6 |
| IAB | 64.0 |
| Kansas Agencies & Investments | 58.1 |
| FNB Bancorp | 55.5 |
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