F & M Financial Corporation
74
Plan:
F & M Financial Corporation Employee Stock Ownership Plan With 401k Provisions
25
67
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 13 point difference between this plan's BrightScope Rating (74) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $45,300 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
F & M Financial Corporation Employee Stock Ownership Plan With 401k Provisions is a defined contribution plan with a stock bonus component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 74, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances and Participation Rate. F & M Financial Corporation Employee Stock Ownership Plan With 401k Provisions currently has over 100 active participants and over $13.4M in plan assets.
Retirement Plan Details
| Address |
221 N Main St
Salisbury, NC 28144-4305 |
| Industry | Commercial Banking |
| Administrator | Susan B. Giessler, VP |
| Net Plan Assets | $13,400,000 |
| Total Participants | 170 |
| Avg Account Balance | $84,000 |
Compare Other Companies in Peer Group
| Wainwright Bank and Trust Company | 78.6 |
| Iowa First Bancshares | 70.4 |
| State Bank of Cross Plains | 70.2 |
| QNB | 66.5 |
| Cambridge Bancorp | 38.3 |
| Pinnacle Financial Partners | 9.5 |
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