The Savings Bank
74
Plan:
SBERA 401k Plan As Adopted By The Savings Bank
17
66
81
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 (74) and the top rated plan (81) 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 The Savings Bank is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 74, placing it in the top 15% of all plans in its peer group. This plan is also in the top 35% of plans for Account Balances, Salary Deferral, and Total Plan Cost. SBERA 401k Plan As Adopted By The Savings Bank currently has over 100 active participants and over $7.0M in plan assets.
Retirement Plan Details
| Address |
Po Box 30
Wakefield, MA 01880 |
| Industry | Savings Institutions |
| Administrator | Thomas Forese Jr. |
| Net Plan Assets | $6,980,000 |
| Total Participants | 150 |
| Avg Account Balance | $47,000 |
Compare Other Companies in Peer Group
| Elmira Savings Bank, FSB | 73.7 |
| ESSA Bank & Trust | 71.4 |
| Coastway Community Bank | 69.6 |
| Beacon Federal | 68.8 |
| Putnam County Savings Bank | 66.7 |
| Citizens South Banking | 62.6 |
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