The Farmers Bank
60
Plan:
The Farmers Bank 401k Plan
30
63
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (60) and the top rated plan (75) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $73,300 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 Farmers Bank 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 60. This plan is in the top 15% of plans for Investment Menu Quality. The Farmers Bank 401k Plan currently has over 100 active participants and over $3.7M in plan assets.
Retirement Plan Details
| Address |
120 Village Dr
Portland, TN 37148-1410 |
| Industry | Commercial Banking |
| Administrator | Tommy Whittaker |
| Net Plan Assets | $3,710,000 |
| Total Participants | 150 |
| Avg Account Balance | $25,000 |
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