First State Bank
54
Plan:
First State Bank Profit Sharing 401k Plan
23
62
75
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 (54) and the top rated plan (75) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $116,700 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
First State Bank Profit Sharing 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 54. This plan is in the top 15% of plans for Participation Rate. First State Bank Profit Sharing 401k Plan currently has over 100 active participants and over $1.5M in plan assets.
Retirement Plan Details
| Address |
Po Box 506
Waynesboro, MS 39367-0506 |
| Industry | Commercial Banking |
| Administrator | Allen Hodo |
| Net Plan Assets | $1,460,000 |
| Total Participants | 120 |
| Avg Account Balance | $12,000 |
Compare Other Companies in Peer Group
| HeritageBank of the South | 68.8 |
| Village Bank and Trust Financial | 64.6 |
| Southcoast Community Bank | 63.6 |
| Continental National Bank of Miami | 51.8 |
| First Harrison Bank | 40.7 |
| Wayne Savings Community Bank | 34.0 |
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