Heritage Banking Group
57
Plan:
39
64
78
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 21 point difference between this plan's BrightScope Rating (57) and the top rated plan (78) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $148,500 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
Heritage Banking Group Salary Reduction Plan And Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 57. This plan is in the top 15% of plans for Total Plan Cost. Heritage Banking Group Salary Reduction Plan And Trust currently has over 100 active participants and over $6.5M in plan assets.
Retirement Plan Details
| Address |
111 S Pearl St
Carthage, MS 39051-4131 |
| Industry | Commercial Banking |
| Administrator | Larry A. Waggoner |
| Sponsor | Jonie D. King |
| Net Plan Assets | $6,480,000 |
| Total Participants | 130 |
| Avg Account Balance | $49,000 |
Compare Other Companies in Peer Group
| Kansas Bank | 75.1 |
| Voyager Financial Services | 72.6 |
| Espirito Santo Bank | 72.5 |
| Ohio Valley Bank | 67.7 |
| Northern Bank & Trust Company | 66.7 |
| Randolph Bank and Trust | 65.4 |
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