First National Bank of Litchfield
70
Plan:
30
63
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 5 point difference between this plan's BrightScope Rating (70) and the top rated plan (75) could equate to:
[How is this calculated?]
[How is this calculated?]
3 additional years of work Up to $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 Litchfield 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70, 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. First National Bank of Litchfield 401k Plan currently has over 100 active participants and over $4.4M in plan assets.
Retirement Plan Details
| Address |
13 North St
Litchfield, CT 06759-2505 |
| Industry | Commercial Banking |
| Administrator | Karen L. Spencer |
| Net Plan Assets | $4,380,000 |
| Total Participants | 160 |
| Avg Account Balance | $28,000 |
Compare Other Companies in Peer Group
| First State Bank and Trust Of... | 67.4 |
| Community Bank | 66.6 |
| The Commercial & Savings Bank | 64.9 |
| East Texas Financial | 61.7 |
| Coconut Grove Bank | 59.2 |
| First National Banking Company | 57.4 |
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