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Company:
American State Bank
Plan:
American State Bank Employee Profit Sharing Plan
 

American State Bank

55 Plan:

 
 
55
32
64
80
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 25 point difference between this plan's BrightScope Rating (55) and the top rated plan (80) could equate to:
[How is this calculated?]
12 additional years of work
Up to $199,900 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.

 

 Comments

Retirement Plan Description

American State Bank Employee Profit Sharing Plan is a defined contribution plan with a profit-sharing component. This plan has a BrightScope Rating of 55. This plan is in the top 35% of plans for Company Generosity, Participation Rate, and Total Plan Cost. American State Bank Employee Profit Sharing Plan currently has over 500 active participants and over $17.2M in plan assets.

 Retirement Plan Details

Address 1401 Avenue Q
Lubbock, TX 79408-1401 
Industry Commercial Banking
Administrator Kelly Murphy
Net Plan Assets $17,200,000
Total Participants 530
Avg Account Balance $36,000

 Top 3 Funds in this 401k

1. Total US Government Securities 49%
2. American State Financial Corporation Common Stock 11%
3. Total Corporate Bonds 5%

  Plan Service Provider

Auditor Bkd, LLP

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