Sumitomo Mitsui Banking Corporation
80
Plan:
Sumitomo Mitsui Banking Corporation 401k Plan
80
29
68
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (80) and the top rated plan (87) could equate to:
[How is this calculated?]
5 additional years of work
Up to $45,700 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.
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Retirement Plan Description
Sumitomo Mitsui Banking Corporation 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 80, 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 and Salary Deferral. Sumitomo Mitsui Banking Corporation 401k Plan currently has over 1,000 active participants and over $99.1M in plan assets.
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