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Company:
American National Bank
Plan:
American National Bank Employee Stock Ownership Plan & Trust
 

American National Bank

71 Plan: American National Bank Employee Stock Ownership Plan & Trust

 
 
71
17
65
87
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 (71) and the top rated plan (87) could equate to:
[How is this calculated?]
10 additional years of work
Up to $25,400 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

American National Bank Employee Stock Ownership Plan & Trust is a defined contribution plan with a profit-sharing component, 401k feature, and leveraged ESOP component. This plan has a BrightScope Rating of 71. This plan is in the top 15% of plans for Total Plan Cost. American National Bank Employee Stock Ownership Plan & Trust currently has over 100 active participants and over $11.9M in plan assets.

 

 Retirement Plan Details

Address 2732 Midwestern Parkway
Wichita Falls, TX 76308-0000 
Industry Commercial Banking
Administrator Brad Davidson
Net Plan Assets $11,900,000
Total Participants 170
Avg Account Balance $64,000

 Top 3 Funds in this 401k

1. AmeriBancShares, Inc. Common Stock 61%
2. Schwab Retirement Advantage Money Market 10%
3. Participant Loans 5%

  Plan Service Provider

Auditor James Miller, CPA, PC

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