American Community Bank
64
Plan:
American Community Bank 401k Profit Sharing Plan
30
62
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (64) and the top rated plan (75) could equate to:
[How is this calculated?]
[How is this calculated?]
5 additional years of work Up to $41,700 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
American Community Bank 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 64. This plan is in the top 35% of plans for Investment Menu Quality. American Community Bank 401k Profit Sharing Plan currently has over 100 active participants and over $2.6M in plan assets.
Retirement Plan Details
| Address |
2593 W Roosevelt Blvd
Monroe, NC 28110-0418 |
| Industry | Commercial Banking |
| Administrator | Dan R. Ellis Jr. |
| Net Plan Assets | $2,570,000 |
| Total Participants | 150 |
| Avg Account Balance | $17,000 |
Compare Other Companies in Peer Group
| Valley Bank | 68.2 |
| Southport Bank | 65.8 |
| Peoples Bank of the Ozarks | 63.6 |
| Horry County State Bank | 58.9 |
| Virginia National Bank | 56.1 |
| The Commercial Savings Bank | 51.3 |
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