BAC Florida Bank
69
Plan:
BAC Florida Bank Savings and Investment Plan
36
65
83
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 (69) and the top rated plan (83) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $104,700 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
BAC Florida Bank Savings and Investment Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 69. This plan is in the top 35% of plans for Company Generosity and Total Plan Cost. BAC Florida Bank Savings and Investment Plan currently has over 100 active participants and over $6.3M in plan assets.
Retirement Plan Details
| Address |
169 Miracle Mile R10
Coral Gables, FL 33134-5412 |
| Industry | Commercial Banking |
| Administrator | Jorge L. Alcalde |
| Net Plan Assets | $6,270,000 |
| Total Participants | 170 |
| Avg Account Balance | $38,000 |
Compare Other Companies in Peer Group
| Community West Bancshares | 71.8 |
| First National Bancorp | 69.3 |
| Industrial Bank | 67.2 |
| American Central Bancorporation | 62.0 |
| First Columbia Bank & Trust Co. | 57.4 |
| F&M Bank | 45.2 |
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