TowneBank
76
Plan:
TowneBank 401k Retirement Savings Plan
76
41
66
80
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 4 point difference between this plan's BrightScope Rating (76) and the top rated plan (80) could equate to:
[How is this calculated?]
2 additional years of work
Up to $31,100 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.
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Retirement Plan Description
TowneBank 401k Retirement Savings Plan is a defined contribution plan with a profit-sharing component, 401k feature, and leveraged ESOP component. This plan has a BrightScope Rating of 76, 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. TowneBank 401k Retirement Savings Plan currently has over 1,000 active participants and over $44.2M in plan assets.
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