Gateway Bank & Trust Company
69
Plan:
Gateway Bank & Trust Company Employees' Savings & Profit Sharing Plan & Trust
10
63
78
0
10
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60
70
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100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (69) and the top rated plan (78) could equate to:
[How is this calculated?]
[How is this calculated?]
4 additional years of work Up to $94,600 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
Gateway Bank & Trust Company Employees' Savings & Profit Sharing Plan & Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 69, 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. Gateway Bank & Trust Company Employees' Savings & Profit Sharing Plan & Trust currently has over 400 active participants and over $7.3M in plan assets.
Retirement Plan Details
| Address |
999 Waterside Drive, Suite 200
Norfolk, VA 23510 |
| Industry | Commercial Banking |
| Administrator | Dawn Steelman |
| Net Plan Assets | $7,310,000 |
| Total Participants | 490 |
| Avg Account Balance | $15,000 |
Compare Other Companies in Peer Group
| TIB Financial | 62.0 |
| Capital Bank | 61.9 |
| Citizens Bank & Savings Company | 56.9 |
| RCB Bank | 51.7 |
| Arrow Financial | 45.2 |
| Oriental Financial Group | 10.2 |
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