Solvay Bank
62
Plan:
Solvay Bank Employee Savings & Protection Plan
22
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 25 point difference between this plan's BrightScope Rating (62) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
13 additional years of work Up to $121,800 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
Solvay Bank Employee Savings & Protection Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 15% of plans for Investment Menu Quality. Solvay Bank Employee Savings & Protection Plan currently has over 100 active participants and over $5.5M in plan assets.
Retirement Plan Details
| Address |
1537 Milton Ave
Solvay, NY 13209-1621 |
| Industry | Commercial Banking |
| Administrator | Valerie Young |
| Net Plan Assets | $5,450,000 |
| Total Participants | 170 |
| Avg Account Balance | $33,000 |
Compare Other Companies in Peer Group
| Crescent Financial | 71.4 |
| Heritage Bancshares Group | 68.9 |
| Ameriana Bank | 67.6 |
| The Dime Bank | 66.9 |
| Mid-Missouri Bancshares | 61.1 |
| Citizens Bank of Lafayette | 48.3 |
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