Financial Institutions, Inc.
65
Plan:
Financial Institutions, Inc. 401k Plan
22
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 22 point difference between this plan's BrightScope Rating (65) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $169,300 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
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 65. This plan is in the top 15% of plans for Total Plan Cost. Financial Institutions, Inc. 401k Plan currently has over 700 active participants and over $27.9M in plan assets.
Retirement Plan Details
| Address |
55 North Main Street
Warsaw, NY 14569-0000 |
| Industry | Commercial Banking |
| Administrator | Karl Krebs |
| Net Plan Assets | $27,900,000 |
| Total Participants | 760 |
| Avg Account Balance | $36,000 |
Compare Other Companies in Peer Group
| Sterling Bancorp | 69.4 |
| Seacoast National Bank | 63.6 |
| STAR Financial Group | 60.5 |
| Green Bankshares | 60.3 |
| Community Bancshares of Mississippi | 55.0 |
| Tompkins Trust Company | 46.6 |
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