BankNewport
70
Plan:
BankNewport 401k Plan
70
9
67
80
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 10 point difference between this plan's BrightScope Rating (70) and the top rated plan (80) could equate to:
[How is this calculated?]
5 additional years of work
Up to $76,000 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.
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Retirement Plan Description
BankNewport 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 70. This plan is in the top 35% of plans for Account Balances, Company Generosity, and Salary Deferral. BankNewport 401k Plan currently has over 300 active participants and over $17.6M in plan assets.
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