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Company:
Palmetto Bank
Plan:
The Palmetto Bank 401k Retirement Plan
 

Palmetto Bank

66 Plan: The Palmetto Bank 401k Retirement Plan

 
 
66
29
66
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 19 point difference between this plan's BrightScope Rating (66) and the top rated plan (85) could equate to:
[How is this calculated?]
10 additional years of work
Up to $86,900 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

The Palmetto Bank 401k Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 66. This plan is in the top 15% of plans for Total Plan Cost. The Palmetto Bank 401k Retirement Plan currently has over 300 active participants and over $10.8M in plan assets.


 Investment Menu Statistics

No. of Investment Options
24
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Vanguard 500 Index 19%
2. First Eagle Overseas 10%
3. PIMCO Total Return 9%

 Retirement Plan Details

Address Post Office Box 49
301 Hillcrest Drive
Laurens, SC 29360 
Industry Commercial Banking
Administrator Teresa W. Knight
Sponsor Samuel Erwin
Net Plan Assets $10,800,000
Total Participants 380
Avg Account Balance $33,000

  Plan Service Provider

Auditor Security Financial Resources