Home Loan Investment Bank, F.S.B.
68
Plan:
Home Loan & Investment Association 401k Profit Sharing Plan
8
67
83
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (68) and the top rated plan (83) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $59,400 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
Home Loan & Investment Association 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 68. This plan is in the top 35% of plans for Account Balances, Company Generosity, Salary Deferral, and Total Plan Cost. Home Loan & Investment Association 401k Profit Sharing Plan currently has over 300 active participants and over $14.9M in plan assets.
Retirement Plan Details
| Address |
2 Altieri Way
Warwick, RI 02886-1764 |
| Industry | Savings Institutions |
| Administrator | Peter Lachapelle |
| Sponsor | Brian Murphy |
| Net Plan Assets | $14,900,000 |
| Total Participants | 330 |
| Avg Account Balance | $46,000 |
Compare Other Companies in Peer Group
| BankNewport | 71.2 |
| Union Savings Bank | 69.9 |
| Guaranty Bancshares | 69.0 |
| MutualFirst Financial | 67.5 |
| Gate City Bank | 66.2 |
| Riverview Bancorp | 65.5 |
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