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Company:
Palm Desert National Bank
Plan:
Palm Desert National Bank 401k Profit Sharing Plan
 

Palm Desert National Bank

53 Plan: Palm Desert National Bank 401k Profit Sharing Plan

 
 
53
22
60
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 22 point difference between this plan's BrightScope Rating (53) and the top rated plan (75) could equate to:
[How is this calculated?]
10 additional years of work
Up to $135300 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

Palm Desert National 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 53. This plan is in the top 35% of plans for Investment Menu Quality and Participation Rate. Palm Desert National Bank 401k Profit Sharing Plan currently has over 100 active participants and over $3.4M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
49
Plan Average: 24
Top 3 Funds in this 401k
1. John Hancock Stable Value Fund 37%
2. John Hancock Funds II Lifestyle Balanced 15%
3. John Hancock Funds II Lifestyle Growth 14%

 Retirement Plan Details

Address 73-734 El Paseo
Palm Desert, CA 92260 
Industry Commercial Banking
Administrator Rhonda Swanson
Net Plan Assets $3430000
Total Participants 140
Avg Account Balance $26000

 Compare Other Companies in Peer Group

Citizens Bancshares 63.5
First National Bancshares 55.9
Oxford Bank 52.9
Habersham Bancorp 52.6
Heritage Banking Group 51.0
Fifth Third Bank 36.9

  Plan Service Providers

Recordkeeper John Hancock
Auditor Larue Corrigan Mccormick & Teasdale

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