State Bancorp, Inc.
67
Plan:
State Bancorp, Inc. Employee Stock Ownership Plan
26
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (67) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $103,600 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
State Bancorp, Inc. Employee Stock Ownership Plan is a defined contribution plan with a profit-sharing component, stock bonus component, and ESOP component. This plan has a BrightScope Rating of 67. This plan is in the top 15% of plans for Company Generosity, Participation Rate, and Total Plan Cost. State Bancorp, Inc. Employee Stock Ownership Plan currently has over 300 active participants and over $8.7M in plan assets.
Retirement Plan Details
| Address |
2 Jericho Plaza, Suite 200
Jericho, NY 11753-1681 |
| Industry | Commercial Banking |
| Administrator | Mary E Durkn |
| Sponsor | Mary E Durkin |
| Net Plan Assets | $8,740,000 |
| Total Participants | 350 |
| Avg Account Balance | $29,000 |
Compare Other Companies in Peer Group
| CNL Bancshares | 76.3 |
| First Citizens Financial | 69.8 |
| Inwood National Bank | 66.8 |
| IAB | 64.0 |
| Hawaii National Bank | 62.9 |
| CCB Financial | 51.0 |
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