Machias Savings Bank
66
Plan:
Machias Savings Bank 401k Plan
17
64
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 21 point difference between this plan's BrightScope Rating (66) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
12 additional years of work Up to $61,300 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
Machias Savings Bank 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 66. This plan is in the top 35% of plans for Company Generosity and Total Plan Cost. Machias Savings Bank 401k Plan currently has over 100 active participants and over $8.2M in plan assets.
Retirement Plan Details
| Address |
4 Center Street P.O. Box 318
Machias, ME 04654-0318 |
| Industry | Commercial Banking |
| Administrator | Donald Reynolds |
| Net Plan Assets | $8,240,000 |
| Total Participants | 190 |
| Avg Account Balance | $46,000 |
Compare Other Companies in Peer Group
| Five Points Bank | 68.9 |
| First Federal Savings Bank | 66.8 |
| Banco do Brasil | 66.8 |
| Mid-Wisconsin Financial Services | 66.0 |
| State Bank of Southern Utah | 60.2 |
| Anderson Brothers Bank of Mullins | 56.4 |
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