Veritext Corp.
72
Plan:
Veritext Corp. 401k Savings Plan
28
65
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (72) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $76,200 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
Veritext Corp. 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 72. This plan is in the top 35% of plans for Participation Rate, Salary Deferral, and Total Plan Cost. Veritext Corp. 401k Savings Plan currently has over 200 active participants and over $7.6M in plan assets.
Retirement Plan Details
| Address |
Veritext/New Jersey L.L.C.
25b Vreeland Road Suite 301 Florham Park, NJ 07932 |
| Industry | Offices of Other Holding Companies |
| Administrator | Peter Coletto |
| Net Plan Assets | $7,560,000 |
| Total Participants | 210 |
| Avg Account Balance | $36,000 |
Compare Other Companies in Peer Group
| The Franchise Company U.S. | 67.1 |
| Siemens | 66.6 |
| Summit Financial Group | 65.9 |
| Eastern Insurance Holdings | 65.3 |
| UM Holdings, Ltd. | 63.5 |
| Hunter, Keith Industries | 59.5 |
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