Heritage Commerce Corp.
69
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 $90,300 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
Heritage Commerce Corp. 401k Savings 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 Salary Deferral and Total Plan Cost. Heritage Commerce Corp. 401k Savings Plan currently has over 300 active participants and over $10.8M in plan assets.
Retirement Plan Details
| Address |
150 Almaden Blvd.
San Jose, CA 95113 |
| Industry | Commercial Banking |
| Administrator | Lawrence D. Mcgovern |
| Net Plan Assets | $10,800,000 |
| Total Participants | 320 |
| Avg Account Balance | $34,000 |
Compare Other Companies in Peer Group
| C&F Financial | 67.4 |
| State Bancorp | 66.5 |
| Foresight Financial Group | 65.6 |
| IAB | 64.0 |
| Bank of Smithtown | 62.7 |
| First American Bank and Trust | 59.6 |
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