Sumitomo Mitsui Banking Corporation
80
Plan:
Sumitomo Mitsui Banking Corporation 401k Plan
22
67
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?]
[How is this calculated?]
5 additional years of work Up to $56,400 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
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 900 active participants and over $92.4M in plan assets.
Retirement Plan Details
| Address |
277 Park Avenue, 6th Floor
New York, NY 10172 |
| Industry | Commercial Banking |
| Administrator | Christine Cutrona |
| Net Plan Assets | $92,400,000 |
| Total Participants | 920 |
| Avg Account Balance | $100,000 |
Compare Other Companies in Peer Group
| Rabobank International | 83.6 |
| Marquette Financial Companies | 75.4 |
| Central Pacific Financial | 74.3 |
| Hometown Community Bancorp | 70.6 |
| First Busey | 69.6 |
| Pacific Capital Bancorp | 66.3 |
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