First National Bank of Shelby
60
Plan:
22
66
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 $93,800 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
First National Bank of Shelby 401k Plan 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 15% of plans for Participation Rate and Total Plan Cost. First National Bank of Shelby 401k Plan currently has over 200 active participants and over $19.7M in plan assets.
Retirement Plan Details
| Address |
106 South Lafayette Street
Po Box 168 Shelby, NC 28150 |
| Industry | Commercial Banking |
| Administrator | Eric Mcintire |
| Net Plan Assets | $19,700,000 |
| Total Participants | 280 |
| Avg Account Balance | $71,000 |
Compare Other Companies in Peer Group
| The National Bank of Indianapolis | 75.6 |
| State Bank of Long Island | 74.0 |
| Bank Iowa | 67.5 |
| Citizens National Bank Henderson | 66.8 |
| First Financial Bank | 49.8 |
| First Northern Bank of Dixon | 45.6 |
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