Herring Bank
51
Plan:
Herring Bank 401k Profit Sharing Plan
10
63
82
0
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For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (51) and the top rated plan (82) could equate to:
[How is this calculated?]
[How is this calculated?]
13 additional years of work Up to $245,800 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
Herring 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 51. This plan is in the top 15% of plans for Investment Menu Quality. Herring Bank 401k Profit Sharing Plan currently has over 100 active participants and over $2.0M in plan assets.
Retirement Plan Details
| Address |
Po Box 50488
Amarillo, TX 79159-0488 |
| Industry | Commercial Banking |
| Administrator | Terry Wright |
| Sponsor | C.C. Burgess |
| Net Plan Assets | $1,960,000 |
| Total Participants | 150 |
| Avg Account Balance | $13,000 |
Compare Other Companies in Peer Group
| OneUnited Bank | 63.5 |
| East Texas Bancshares | 58.4 |
| Lapeer County Bank & Trust Co.... | 53.4 |
| United Bancorp | 53.0 |
| First Guaranty Bank | 47.3 |
| Pike County National Bank | 44.4 |
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