Farmers & Merchants Bank of Long Beach
57
Plan:
Farmers & Merchants Bank of Long Beach Profit Sharing Plan
22
65
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 30 point difference between this plan's BrightScope Rating (57) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
16 additional years of work Up to $233,100 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
Farmers & Merchants Bank of Long Beach Profit Sharing Plan is a defined contribution plan with a profit-sharing component. This plan has a BrightScope Rating of 57. This plan is in the top 15% of plans for Company Generosity. Farmers & Merchants Bank of Long Beach Profit Sharing Plan currently has over 700 active participants and over $43.3M in plan assets.
Retirement Plan Details
| Address |
302 Pine Ave
Long Beach, CA 90802 |
| Industry | Commercial Banking |
| Administrator | Jamal Hemphill |
| Sponsor | Kevin Tiber |
| Net Plan Assets | $43,300,000 |
| Total Participants | 710 |
| Avg Account Balance | $66,000 |
Compare Other Companies in Peer Group
| Tompkins Trust Company | 73.9 |
| Sandy Spring Bancorp | 73.5 |
| Old Second Bancorp | 68.0 |
| Centier Bank | 66.1 |
| Durant Bancorp | 63.2 |
| Ocean Bank | 58.3 |
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