Salem Five Cents Savings Bank
76
Plan:
SBERA 401k Plan as Adopted by Salem Five Cents Savings Bank
22
66
83
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (76) and the top rated plan (83) could equate to:
[How is this calculated?]
[How is this calculated?]
4 additional years of workThe 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
SBERA 401k Plan as Adopted by Salem Five Cents Savings Bank is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 76, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Total Plan Cost. SBERA 401k Plan as Adopted by Salem Five Cents Savings Bank currently has over 500 active participants and over $31.8M in plan assets.
Retirement Plan Details
| Address |
210 Essex Street
Salem, MA 01970 |
| Industry | Savings Institutions |
| Administrator | Thomas Forese Jr. |
| Net Plan Assets | $31,800,000 |
| Total Participants | 580 |
| Avg Account Balance | $55,000 |
Compare Other Companies in Peer Group
| Berkshire Bank | 73.7 |
| Bangor Savings Bank | 71.6 |
| Eastern Savings Bank | 71.2 |
| BankFinancial | 67.0 |
| Columbia Bank | 65.8 |
| Dime Community Bancshares | 41.3 |
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