Progressive Bancorp, Inc.
57
Plan:
Progressive Bancorp, Inc. Employee Stock Ownership Plan
23
62
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 18 point difference between this plan's BrightScope Rating (57) and the top rated plan (75) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $115,300 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
Progressive Bancorp, Inc. Employee Stock Ownership Plan is a defined contribution plan with a leveraged ESOP component. This plan has a BrightScope Rating of 57. This plan is in the top 15% of plans for Participation Rate and Total Plan Cost. Progressive Bancorp, Inc. Employee Stock Ownership Plan currently has over 100 active participants and over $1.4M in plan assets.
Retirement Plan Details
| Address |
1411 N 19th St
Monroe, LA 71201-4939 |
| Industry | Commercial Banking |
| Administrator | George W. Cummings, Iii, President |
| Net Plan Assets | $1,360,000 |
| Total Participants | 110 |
| Avg Account Balance | $8,100 |
Compare Other Companies in Peer Group
| Westsound Bank | 67.8 |
| Federal Trust Bank | 66.5 |
| Voyager Financial Services | 64.5 |
| Millennium Bankshares | 60.7 |
| Heritage Banking Group | 59.0 |
| Wayne Savings Community Bank | 34.0 |
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