1st Independence Financial Group, Inc.
70
Plan:
1st Independence Employee Stock Ownership & 401k Plan
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?]
[How is this calculated?]
3 additional years of workThe 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
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
| MBank | 72.3 |
| Intercredit Bank N.A. | 67.3 |
| Clear Mountain Bank | 62.7 |
| Sterling Bank and Trust | 59.2 |
| First State Bank and Trust Of... | 55.4 |
| The Bank of Fayetteville | 54.9 |
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