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Company:
Citizens South Banking Corporation
Plan:
Citizens South Bank Employees' Savings & Profit Sharing Plan and Trust
 

Citizens South Banking Corporation

63 Plan:

 
 
63
17
65
81
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 18 point difference between this plan's BrightScope Rating (63) and the top rated plan (81) could equate to:
[How is this calculated?]
9 additional years of work
Up to $75,600 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

Citizens South Bank 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 63. This plan is in the top 35% of plans for Investment Menu Quality and Total Plan Cost. Citizens South Bank Employees' Savings & Profit Sharing Plan and Trust currently has over 200 active participants and over $5.8M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
20
Plan Average: 24
Largest Funds in this 401k: based on % allocation of assets
1. Citizens South Bank Common Stock 32%
2. Pentegra Stable Value Fund 14%
3. SSgA S&P Mid Cap 400 Index 8%

 Retirement Plan Details

Address Po Box 2249
Gastonia, NC 28054-4040 
Industry Savings Institutions
Administrator Paul L. Teem,Jr. Executive VP
Sponsor Paul L. Teem, Jr., Executive VP
Net Plan Assets $5,800,000
Total Participants 210
Avg Account Balance $30,000

  Plan Service Providers

Auditor Cherry, Bekaert & Holland, LLP
Recordkeeper Pentegra Retirement Services, Inc.

 Comments