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Company:
Southside Bancshares, Inc.
Plan:
Savings Plan for the Subsidiaries of Southside Bancshares, Inc.
 

Southside Bancshares, Inc.

54 Plan:

 
 
54
27
62
78
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 24 point difference between this plan's BrightScope Rating (54) and the top rated plan (78) could equate to:
[How is this calculated?]
10 additional years of work
Up to $188,600 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

Savings Plan for the Subsidiaries of Southside Bancshares, Inc. 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 Total Plan Cost. Savings Plan for the Subsidiaries of Southside Bancshares, Inc. currently has over 500 active participants and over $8.5M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address Po Box 6170
Tyler, TX 75711-6170 
Industry Commercial Banking
Administrator Kathy Hayden CPA
Net Plan Assets $8,520,000
Total Participants 550
Avg Account Balance $16,000

 Compare Other Companies in Peer Group

First American Bank 58.8
First South Bancorp 56.9
The Landrum Company 56.8
Scotiabank de Puerto Rico 51.5
Provident New York Bancorp 32.0
Oriental Financial Group 10.2

 Top 3 Funds in this 401k

1. Federated Government Obligations Money Market 20%
2. Southside Bancshares, Inc. Common Stock 15%
3. Fidelity Contrafund 10%

  Plan Service Provider

Auditor Henry & Peters, P.C.

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