Spencer Savings Bank SLA
62
Plan:
Spencer Savings Bank SLA Savings Retirement Plan
23
65
80
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 (62) and the top rated plan (80) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $111,900 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.
Retirement Plan Description
Spencer Savings Bank SLA Savings Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 35% of plans for Account Balances and Company Generosity. Spencer Savings Bank SLA Savings Retirement Plan currently has over 200 active participants and over $12.5M in plan assets.
Retirement Plan Details
| Address |
611 River Drive
Elmwood Park, NJ 07407 |
| Industry | Savings Institutions |
| Administrator | Marizel Collazo |
| Net Plan Assets | $12,500,000 |
| Total Participants | 290 |
| Avg Account Balance | $42,000 |
Compare Other Companies in Peer Group
| Bristol County Savings Bank | 75.3 |
| Country Bank for Savings | 73.7 |
| Mascoma Savings Bank | 69.8 |
| Territorial Savings Bank | 67.8 |
| CFS Bancorp | 66.6 |
| The Farmers & Merchants State Bank | 63.9 |
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