Summit Bancorp, Inc.
69
Plan:
Summit Bancorp, Inc. 401k Profit Sharing Plan
35
64
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 18 point difference between this plan's BrightScope Rating (69) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $91,500 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
Summit Bancorp, Inc. 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 69. This plan is in the top 35% of plans for Participation Rate and Total Plan Cost. Summit Bancorp, Inc. 401k Profit Sharing Plan currently has over 300 active participants and over $11.2M in plan assets.
Retirement Plan Details
| Address |
Po Box 965
Arkadelphia, AR 71923-0417 |
| Industry | Commercial Banking |
| Administrator | Donna Merriweather |
| Net Plan Assets | $11,200,000 |
| Total Participants | 300 |
| Avg Account Balance | $37,000 |
Compare Other Companies in Peer Group
| River Valley Bancorporation | 75.8 |
| Commonwealth Bancshares | 66.0 |
| Farmers & Merchants Trust Company | 65.6 |
| LibertyBank | 64.9 |
| First National Bank and Trust... | 63.0 |
| Pab Bankshares | 58.1 |
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