Overview

Plan Rating

BrightScope Rating
72
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (43)
Average in Peer Group (73)
Highest in Peer Group (88)

Plan Description

Bank of New Hampshire Retirement Incentive Program is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 72. This plan is in the top 15% of plans for Account Balances. Bank of New Hampshire Retirement Incentive Program currently has over 300 active participants and over $31.6M in plan assets.

Did you know?

For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (72) and the top rated plan (88) could equate to:
10
Additional years of work
76,158
Lost 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. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 62 Pleasant Street
  • Location
    Laconia , NH
  • 03246-3420
  • Industry
    Savings Institutions
  • Administrator
    Gayle Price
  • Net Plan Assets
    $31,600,000
  • Total Participants
    340
  • Avg Account Balance
    $95,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Above Average
Salary Deferrals:
Above Average
Account Balance:
Great

Design

Total Plan Cost:
Low Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Above Average
Salary Deferrals:
Average
Account Balance:
Above Average

Peer Group Plans

Company Rating
Mascoma Bank 82.0
Avidia Bank 80.6
Bristol County Savings Bank 78.1
BankNewport 74.8
Westfield Bank 70.9
Kearny Bank 64.7

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

40

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Principal Financial Group LifeTime Hybrid 60%
N/A
American Funds American Balanced 6%
18%
Principal Fixed Income Guaranteed Option 5%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Principal Financial Group
Administration
Principal Financial Group
Recordkeeper
Principal Financial Group
Investment Adviser
Wilshire
Auditor
Berry Dunn Mcneil & Parker

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
Have a question about retirement plans?
Our community of registered financial advisors are standing by to share their experience.
Ask a question