First National Bank of Ipswich
69
Plan:
First National Bank of Ipswich 401k Profit Sharing Plan
17
63
87
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 (69) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $49,000 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.
Retirement Plan Description
First National Bank of Ipswich 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 69. This plan is in the top 35% of plans for Salary Deferral. First National Bank of Ipswich 401k Profit Sharing Plan currently has over 100 active participants and over $4.3M in plan assets.
Retirement Plan Details
| Address |
31 Market St.
Ipswich, MA 01938 |
| Industry | Commercial Banking |
| Administrator | Nancy A. Lowell |
| Net Plan Assets | $4,310,000 |
| Total Participants | 140 |
| Avg Account Balance | $31,000 |
Compare Other Companies in Peer Group
| BancMidwest | 72.9 |
| Voyager Financial Services | 69.8 |
| First National Bank | 62.1 |
| The Bank of Delmarva | 58.0 |
| First National Banking Company | 56.9 |
| First Commercial Bank of Florida | 53.2 |
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