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Company:
Central Pacific Financial Corp.
Plan:
Central Pacific Bank 401k Retirement Savings Plan
 

Central Pacific Financial Corp.

79 Plan: Central Pacific Bank 401k Retirement Savings Plan

 
 
79
32
70
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (79) and the top rated plan (90) could equate to:
[How is this calculated?]
8 additional years of work
Up to $44,800 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

Central Pacific Bank 401k Retirement Savings Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 79, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, and Total Plan Cost. Central Pacific Bank 401k Retirement Savings Plan currently has over 1,100 active participants and over $108.7M in plan assets.


 Investment Menu Statistics

No. of Investment Options
13
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Vanguard Retirement Savings Trust 16%
2. Vanguard PRIMECAP 12%
3. Vanguard Target Retirement 2020 8%

 Retirement Plan Details

Address P.O. Box 3590
Honolulu, HI 96811-3590 
Industry Commercial Banking
Administrator Patricia Foley
Net Plan Assets $109,000,000
Total Participants 1,200
Avg Account Balance $94,000

 Compare Other Companies in Peer Group

UniCredit Bank AG 89.9
Pinnacle Bank 77.0
Eastern Bank 73.1
First Busey 73.1
Third Federal Savings & Loan 72.9
Hometown Community Bancorp 66.2

  Plan Service Providers

Investment Adviser Vanguard Group
Recordkeeper Vanguard Group
Auditor Kpmg, LLP