Southern Community Bank and Trust
68
Plan:
Southern Community Bank 401k Retirement Plan
23
64
80
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 12 point difference between this plan's BrightScope Rating (68) and the top rated plan (80) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $31,300 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
Southern Community Bank 401k Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 68. This plan is in the top 15% of plans for Total Plan Cost. Southern Community Bank 401k Retirement Plan currently has over 300 active participants and over $9.0M in plan assets.
Retirement Plan Details
| Address |
4605 Country Club Road
Winston-Salem, NC 27104 |
| Industry | Savings Institutions |
| Administrator | Toby Boles |
| Net Plan Assets | $9,000,000 |
| Total Participants | 370 |
| Avg Account Balance | $24,000 |
Compare Other Companies in Peer Group
| Rockville Bank | 68.4 |
| CFS Bancorp | 66.6 |
| Savings Institute Bank & Trust... | 64.5 |
| Kennebunk Savings Bank | 62.1 |
| Parkvale Savings Bank | 59.8 |
| Camco Financial | 57.2 |
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