Savings Institute Bank & Trust Company
65
Plan:
40
65
83
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 (65) and the top rated plan (83) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $100,300 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
Savings Institute Bank & Trust Company Profit Sharing and 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 65. This plan is in the top 15% of plans for Total Plan Cost. Savings Institute Bank & Trust Company Profit Sharing and 401k Savings Plan currently has over 200 active participants and over $9.5M in plan assets.
Retirement Plan Details
| Address |
803 Main Street
Willimantic, CT 06226 |
| Industry | Savings Institutions |
| Administrator | Laurie L. Gervais |
| Net Plan Assets | $9,490,000 |
| Total Participants | 280 |
| Avg Account Balance | $34,000 |
Compare Other Companies in Peer Group
| Dime Bank | 70.6 |
| Gibraltar Private Bank & Trust | 67.7 |
| Cascade Financial | 65.2 |
| East Cambridge Savings Bank | 65.2 |
| First Federal Savings Bank of Iowa | 63.5 |
| Carolina Financial | 63.5 |
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