South Banking Company
57
Plan:
Savings Plan for Employees of South Banking Company
22
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 30 point difference between this plan's BrightScope Rating (57) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
16 additional years of work Up to $138,100 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
Savings Plan for Employees of South Banking Company is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 57. This plan is in the top 15% of plans for Investment Menu Quality. Savings Plan for Employees of South Banking Company currently has over 100 active participants and over $6.7M in plan assets.
Retirement Plan Details
| Address |
501 West 12th Street
Alma, GA 31510 |
| Industry | Commercial Banking |
| Administrator | Paul T. Bennett |
| Net Plan Assets | $6,690,000 |
| Total Participants | 180 |
| Avg Account Balance | $37,000 |
Compare Other Companies in Peer Group
| Crescent Financial | 71.4 |
| Kansas State Bank | 69.5 |
| Heritage Bancshares Group | 68.9 |
| First National Bank of Midwest City | 62.6 |
| Union Bank | 60.9 |
| Home State Bank, N.A. | 42.5 |
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