Southern Bank and Trust Company
62
Plan:
The Capital Accumulation Plan for the Employees of Southern Bank and Trust Company
22
66
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 25 point difference between this plan's BrightScope Rating (62) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
13 additional years of work Up to $132,900 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
The Capital Accumulation Plan for the Employees of Southern Bank and Trust Company is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 15% of plans for Investment Menu Quality and Total Plan Cost. The Capital Accumulation Plan for the Employees of Southern Bank and Trust Company currently has over 400 active participants and over $18.9M in plan assets.
Retirement Plan Details
| Address |
116 East Main Street
Mt. Olive, NC 28365 |
| Industry | Commercial Banking |
| Administrator | David Bean |
| Net Plan Assets | $18,900,000 |
| Total Participants | 480 |
| Avg Account Balance | $40,000 |
Compare Other Companies in Peer Group
| Central Bancshares | 75.9 |
| Emprise Bank | 68.9 |
| American National | 65.0 |
| Hills Bank & Trust Company | 61.4 |
| American Bank of Texas | 58.1 |
| Arrow Financial | 55.3 |
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