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Company:
1st Independence Financial Group, Inc.
Plan:
1st Independence Employee Stock Ownership & 401k Plan
 

1st Independence Financial Group, Inc.

70 Plan: 1st Independence Employee Stock Ownership & 401k Plan

 
 
70
30
62
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 5 point difference between this plan's BrightScope Rating (70) and the top rated plan (75) could equate to:
[How is this calculated?]
3 additional years of work
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.

Personal Fee Report
 

 Plan Component Ratings

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Retirement Plan Description

1st Independence Employee Stock Ownership & 401k Plan is a defined contribution plan with a stock bonus component, 401k feature, and leveraged ESOP component. This plan has a BrightScope Rating of 70, placing it in the top 15% of all plans in its peer group. This plan is also in the top 35% of plans for Company Generosity. 1st Independence Employee Stock Ownership & 401k Plan currently has over 100 active participants and over $3.2M in plan assets.

 Retirement Plan Details

Address Po Box 1433
New Albany, IN 47151-1433 
Industry Commercial Banking
Administrator Terry L. Batson
Net Plan Assets $3,210,000
Total Participants 140
Avg Account Balance $22,000

 Compare Other Companies in Peer Group

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Clear Mountain Bank 62.7
Sterling Bank and Trust 59.4
First State Bank and Trust Of... 55.5
The Bank of Fayetteville 55.0

 Top 3 Funds in this 401k

1. Total Common Stocks 54%
2. American Funds Growth Fund of America 5%
3. American Funds EuroPacific Growth 4%

  Plan Service Provider

Auditor Hawkins & Company, CPA, PC

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