Magyar Bank
63
Plan:
9
61
81
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 (63) and the top rated plan (81) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $81,800 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
Magyar Bank 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 63. Magyar Bank 401k Profit Sharing Plan currently has over 100 active participants and over $3.0M in plan assets.
Retirement Plan Details
| Address |
400 Somerset St
New Brunswick, NJ 08901 |
| Industry | Savings Institutions |
| Administrator | Vicki Fackovec |
| Net Plan Assets | $2,960,000 |
| Total Participants | 120 |
| Avg Account Balance | $24,000 |
Compare Other Companies in Peer Group
| Elmira Savings Bank, FSB | 73.7 |
| Central Jersey Bank, N.A. | 58.4 |
| Rome Bancorp | 55.1 |
| Carver Federal Savings Bank | 51.5 |
| Waccamaw Bank | 51.2 |
| Fidelity Bancorp | 31.1 |
Comments