Old Point Financial Corporation
65
Plan:
Old Point Financial Corporation 401k Profit Sharing Plan
22
66
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 22 point difference between this plan's BrightScope Rating (65) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
12 additional years of work Up to $116,900 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
Old Point Financial Corporation 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 65. This plan is in the top 35% of plans for Investment Menu Quality, Participation Rate, and Total Plan Cost. Old Point Financial Corporation 401k Profit Sharing Plan currently has over 300 active participants and over $18.0M in plan assets.
Retirement Plan Details
| Address |
10 South Mallory Street
Hampton, VA 23663 |
| Industry | Commercial Banking |
| Administrator | Joseph R. Witt |
| Net Plan Assets | $18,000,000 |
| Total Participants | 370 |
| Avg Account Balance | $49,000 |
Compare Other Companies in Peer Group
| Enterprise Financial Services | 72.8 |
| MetroCorp Bancshares | 71.9 |
| South Valley Bancorp | 69.4 |
| American Bank | 69.1 |
| Suffolk County National Bank | 63.6 |
| Hawthorn Bancshares | 60.0 |
Comments