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

The Palmetto Bank

62 Plan: The Palmetto Bank 401k Retirement Plan

 
 
62
43
68
81
0
10
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100
For the average 401k participant, the 19 point difference between this plan's BrightScope Rating (62) and the top rated plan (81) could equate to:
[How is this calculated?]
9 additional years of work
Up to $145,500 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 62. 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 $12.3M in plan assets.


 Investment Menu Statistics

No. of Investment Options
10
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Vanguard 500 Index 20%
2. American Beacon Large Cap Value 15%
3. Wells Fargo Stable Value 11%

 Retirement Plan Details

Address Post Office Box 49
Laurens, SC 29360 
Industry Commercial Banking
Administrator Lisa Ireland
Sponsor Samuel Erwin
Net Plan Assets $12,300,000
Total Participants 380
Avg Account Balance $37,000

 Compare Other Companies in Peer Group

Servisfirst Bank 73.5
The Fidelity Bank 71.1
Southern Bancorp 69.4
Community State Bank 65.8
Banco do Brasil 65.0
First Co. Bancorp 63.1

 
Plan Service Provider

Auditor Security Financial Resources