Ballston Spa National Bank
64
Plan:
Ballston Spa National Bank Supplemental Retirement Savings Plan
30
62
75
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 (64) and the top rated plan (75) could equate to:
[How is this calculated?]
[How is this calculated?]
5 additional years of work Up to $86,400 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
Ballston Spa National Bank Supplemental Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 64. This plan is in the top 35% of plans for Company Generosity and Total Plan Cost. Ballston Spa National Bank Supplemental Retirement Savings Plan currently has over 100 active participants and over $3.0M in plan assets.
Retirement Plan Details
| Address |
87 Front St
Ballston Spa, NY 12020-1712 |
| Industry | Commercial Banking |
| Administrator | Christopher R. Dowd |
| Net Plan Assets | $3,040,000 |
| Total Participants | 140 |
| Avg Account Balance | $23,000 |
Compare Other Companies in Peer Group
| Intercredit Bank N.A. | 67.3 |
| Community National Bank | 64.4 |
| Merchants & Marine Bank | 61.3 |
| Sterling Bank and Trust | 59.2 |
| Eastern National Bank | 56.8 |
| First State Bank and Trust Of... | 55.4 |
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