Security Bancorp of Tennessee, Inc.
65
Plan:
17
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 22 point difference between this plan's BrightScope Rating (65) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
12 additional years of work Up to $101,200 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
Security Bancorp of Tennessee Safe Harbor 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 65. This plan is in the top 15% of plans for Participation Rate and Total Plan Cost. Security Bancorp of Tennessee Safe Harbor 401k Profit Sharing Plan currently has over 100 active participants and over $10.3M in plan assets.
Retirement Plan Details
| Address |
101 Main Street
Halls, TN 38040 |
| Industry | Commercial Banking |
| Administrator | Donald Hogue |
| Net Plan Assets | $10,300,000 |
| Total Participants | 160 |
| Avg Account Balance | $67,000 |
Compare Other Companies in Peer Group
| Community National Bank | 74.2 |
| American National Bank | 70.6 |
| North Dallas Bank & Trust Co. | 69.1 |
| The Croghan Colonial Bank | 65.6 |
| Farmers State Bank | 62.7 |
| Citizens National Bank of Bluffton | 62.0 |
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