Farmington Savings Bank
71
Plan:
Farmington Savings Bank 401k Plan
23
64
80
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (71) and the top rated plan (80) could equate to:
[How is this calculated?]
[How is this calculated?]
4 additional years of work Up to $54,700 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
Farmington Savings Bank 401k Plan is a defined contribution plan with a 401k feature. This plan has a BrightScope Rating of 71, placing it in the top 15% of all plans in its peer group. This plan is also in the top 35% of plans for Company Generosity, Salary Deferral, and Total Plan Cost. Farmington Savings Bank 401k Plan currently has over 200 active participants and over $7.7M in plan assets.
Retirement Plan Details
| Address |
One Farm Glen Boulevard
Farmington, CT 06032 |
| Industry | Savings Institutions |
| Administrator | Lee D. Nordstrom |
| Net Plan Assets | $7,670,000 |
| Total Participants | 220 |
| Avg Account Balance | $34,000 |
Compare Other Companies in Peer Group
| PeoplesBank | 74.2 |
| Cape Bank | 67.8 |
| Pioneer Savings Bank | 64.7 |
| Northeast Bancorp | 63.5 |
| Passumpsic Savings Bank | 60.8 |
| Baltimore County Savings Bank, FSB | 58.0 |
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