Bank of Granite Corporation
42
Plan:
Bank of Granite Employees' Savings & Profit Sharing Plan and Trust
22
66
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 45 point difference between this plan's BrightScope Rating (42) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
21 additional years of work Up to $292,400 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
Bank of Granite Employees' Savings & Profit Sharing Plan and Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 42. This plan is in the top 15% of plans for Investment Menu Quality. Bank of Granite Employees' Savings & Profit Sharing Plan and Trust currently has over 200 active participants and over $13.7M in plan assets.
Retirement Plan Details
| Address |
317 1st Avenue Nw
Hickory, NC 28601 |
| Industry | Commercial Banking |
| Administrator | Karen B. Warlick |
| Net Plan Assets | $13,700,000 |
| Total Participants | 290 |
| Avg Account Balance | $48,000 |
Compare Other Companies in Peer Group
| Amalgamated Bank | 73.6 |
| First Dakota Financial | 72.3 |
| Independence Bancshares | 70.2 |
| The National Bank & Trust Company... | 63.5 |
| Texas Independent Bancshares | 62.8 |
| F&M Bank & Trust Co. | 62.1 |
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