Magna Bank
64
Plan:
Magna Bank 401k Profit Sharing Plan
17
63
81
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 17 point difference between this plan's BrightScope Rating (64) and the top rated plan (81) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $41,300 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
Magna Bank 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 64. Magna Bank 401k Profit Sharing Plan currently has over 200 active participants and over $5.6M in plan assets.
Retirement Plan Details
| Address |
6525 Quail Hollow Rd., Ste. 513
Memphis, TN 38120 |
| Industry | Savings Institutions |
| Administrator | Anne B. Davenport |
| Net Plan Assets | $5,550,000 |
| Total Participants | 200 |
| Avg Account Balance | $27,000 |
Compare Other Companies in Peer Group
| Beacon Federal | 68.8 |
| East Cambridge Savings Bank | 65.5 |
| CapitalBank | 65.0 |
| Citizens South Banking | 62.6 |
| Wood & Huston Bancorporation | 57.0 |
| Westfield Financial | 52.9 |
Comments