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Company:
Citizens and Farmers Bank
Plan:
Virginia Bankers Association Defined Contribution Plan for Citizens and Farmers Bank
 

Citizens and Farmers Bank

66 Plan: Virginia Bankers Association Defined Contribution Plan for Citizens and Farmers Bank

 
 
66
31
66
86
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 (66) and the top rated plan (86) could equate to:
[How is this calculated?]
11 additional years of work
Up to $99,900 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 66. This plan is in the top 35% of plans for Account Balances and Participation Rate. Virginia Bankers Association Defined Contribution Plan for Citizens and Farmers Bank currently has over 200 active participants and over $12.8M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
24
Plan Average: 24
Largest Funds in this 401k: based on % allocation of assets
1. T. Rowe Price Institutional Large Cap Growth 16%
2. MetLife Managed Guaranteed Investment Contract 11%
3. PIMCO Total Return II 9%

 Retirement Plan Details

Address P.O. Box 391
West Point, VA 23181 
Industry Commercial Banking
Administrator Bette J. Albert
Sponsor Laura H. Shreaves
Net Plan Assets $12,800,000
Total Participants 260
Avg Account Balance $52,000

  Plan Service Providers

Administration Virginia Bankers Association
Auditor Yount, Hyde & Barbour, P.C.

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