1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 2650 ROUTE 130,CRANBURY,NJ
- Contact person: TERESA DOWER
- Phone: (609) 578-4415
Plan General Information
1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of 1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN is $22,475,705.00.This plan was established in 1999.
1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in 1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN is 213
1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for 1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN is $105,519.00
1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for 1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN is $6,215.00.
1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in 1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN is approximately $2,090.00
Investing in this additonal $2,090.00 for 20 years would give you extra $133,769.00, assuming a 10% annual return.
Investing in this additonal $2,090.00 for 20 years would give you extra $133,769.00, assuming a 10% annual return.
1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2022, 1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN allocates $445,200.00 to match its employees' contributions, providing an employer match rate of 31.62% of their contributions
1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of 1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN is 0.00%.
1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for 1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN is -8.07%. This measures the effectiveness of the plan participants' investments in the year.
1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of 1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN is 0.07%.
Enrollment Features
1ST CONSTITUTION BANK 401(K) RETIREMENT SAVINGS PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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