Frandsen Financial Corporation
65
Plan:
22
66
83
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 (65) and the top rated plan (83) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $94,800 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
Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 65. This plan is in the top 35% of plans for Account Balances, Company Generosity, and Total Plan Cost. Frandsen Financial Corporation Tax Deferred Savings and Profit Sharing Plan currently has over 400 active participants and over $29.9M in plan assets.
Retirement Plan Details
| Address |
4388 Round Lake Road West
Arden Hills, MN 55112 |
| Industry | Commercial Banking |
| Administrator | Pamela A Mclain |
| Net Plan Assets | $29,900,000 |
| Total Participants | 500 |
| Avg Account Balance | $60,000 |
Compare Other Companies in Peer Group
| City National Bank of Florida | 74.7 |
| Monroe Bank & Trust | 66.5 |
| Seacoast National Bank | 63.6 |
| Hills Bank & Trust Company | 63.3 |
| Firstrust Savings Bank | 62.7 |
| Community Bancshares of Mississippi | 55.0 |
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