Palmetto Bank
64
Plan:
The Palmetto Bank 401k Retirement Plan
27
62
78
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (64) and the top rated plan (78) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $100,500 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 64. This plan is in the top 15% of plans for Total Plan Cost. The Palmetto Bank 401k Retirement Plan currently has over 400 active participants and over $10.5M in plan assets.
Retirement Plan Details
| Address |
Post Office Box 49
301 Hillcrest Drive Laurens, SC 29360 |
| Industry | Commercial Banking |
| Administrator | Teresa W. Knight |
| Sponsor | Samuel L. Erwin |
| Net Plan Assets | $10,500,000 |
| Total Participants | 430 |
| Avg Account Balance | $25,000 |
Compare Other Companies in Peer Group
| Panhandle State Bank | 67.4 |
| StellarOne | 64.8 |
| Capital Bank | 61.9 |
| CenterState Banks | 60.8 |
| Bank of the Sierra | 59.0 |
| The Fidelity Bank | 56.0 |
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