Heritage Banking Group
59
Plan:
23
62
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (59) and the top rated plan (75) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $110,700 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 Employee Stock Ownership Plan is a defined contribution plan with a stock bonus component and leveraged ESOP component. This plan has a BrightScope Rating of 59. This plan is in the top 15% of plans for Participation Rate and Total Plan Cost. Heritage Banking Group Employee Stock Ownership Plan currently has over 100 active participants and over $2.2M in plan assets.
Retirement Plan Details
| Address |
114 South Pearl
Carthage, MS 39051-4132 |
| Industry | Commercial Banking |
| Administrator | Larry Waggoner |
| Net Plan Assets | $2,190,000 |
| Total Participants | 100 |
| Avg Account Balance | $11,000 |
Compare Other Companies in Peer Group
| Westsound Bank | 67.8 |
| Federal Trust Bank | 66.5 |
| Voyager Financial Services | 64.5 |
| Millennium Bankshares | 60.7 |
| Progressive Bancorp | 56.8 |
| Wayne Savings Community Bank | 34.0 |
Comments