Federal Trust Bank
56
Plan:
Federal Trust Bank Employees' Savings & Profit Sharing Plan and Trust
17
63
87
0
10
20
30
40
50
60
70
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90
100
For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (56) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
16 additional years of work Up to $131,600 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
Federal Trust Bank Employees' Savings & Profit Sharing Plan and Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 56. This plan is in the top 15% of plans for Investment Menu Quality. Federal Trust Bank Employees' Savings & Profit Sharing Plan and Trust currently has over 100 active participants and over $1.0M in plan assets.
Retirement Plan Details
| Address |
312 W. First Street
Suite 100 Sanford, FL 32772-1867 |
| Industry | Commercial Banking |
| Administrator | Dennis T. Ward |
| Net Plan Assets | $1,020,000 |
| Total Participants | 130 |
| Avg Account Balance | $8,300 |
Compare Other Companies in Peer Group
| First Federal of Northern Michigan | 57.9 |
| Bank of the Carolinas | 57.8 |
| Community Shores Bank | 56.4 |
| Premier Bank | 55.8 |
| Britton & Koontz Capital | 51.9 |
| Sussex Bancorp | 32.1 |
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