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Company:
Financial Institutions, Inc.
Plan:
Financial Institutions, Inc. 401k Plan
 

Financial Institutions, Inc.

66 Plan: Financial Institutions, Inc. 401k Plan

 
 
66
29
66
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 19 point difference between this plan's BrightScope Rating (66) and the top rated plan (85) could equate to:
[How is this calculated?]
9 additional years of work
Up to $134,700 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.

 

Retirement Plan Description

Financial Institutions, Inc. 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 Participation Rate and Total Plan Cost. Financial Institutions, Inc. 401k Plan currently has over 800 active participants and over $28.2M in plan assets.


 Investment Menu Statistics

No. of Investment Options
17
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Morley Stable Value Fund 14%
2. PIMCO Total Return 13%
3. Brown Advisory Growth Equity 12%

 Retirement Plan Details

Address 55 North Main Street
Warsaw, NY 14569-0000 
Industry Commercial Banking
Administrator Karl Krebs
Net Plan Assets $28,200,000
Total Participants 810
Avg Account Balance $37,000

  Plan Service Providers

Recordkeeper Milliman, Inc.
Auditor The Bonadio Group, LLC