TruPoint Bank
60
Plan:
VBA Defined Contribution Plan for TruPoint Bank
22
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 27 point difference between this plan's BrightScope Rating (60) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
14 additional years of work Up to $136,700 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
VBA Defined Contribution Plan for TruPoint Bank is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 60. This plan is in the top 35% of plans for Participation Rate. VBA Defined Contribution Plan for TruPoint Bank currently has over 100 active participants and over $4.8M in plan assets.
Retirement Plan Details
| Address |
P.O. Box 1010
Grundy, VA 24614 |
| Industry | Commercial Banking |
| Administrator | Roxanne Sheppard |
| Sponsor | E. Scott Butcher |
| Net Plan Assets | $4,790,000 |
| Total Participants | 200 |
| Avg Account Balance | $25,000 |
Compare Other Companies in Peer Group
| Ameriana Bank | 67.6 |
| Solvay Bank | 61.9 |
| Mid-Missouri Bancshares | 61.1 |
| Northway Bank | 60.7 |
| Bank of the West | 50.7 |
| Citizens Bank of Lafayette | 48.3 |
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