AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST
Plan Contact
- Address: P.O. BOX 1408,SAPULPA,OK
- Contact person: CLINT OARE
- Phone: (918) 224-3210
Plan General Information
AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST is $21,487,131.00.This plan was established in 1994.
AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST is 337
AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST is $63,760.00
AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST is $2,839.00.
AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST is approximately $1,804.00
Investing in this additonal $1,804.00 for 20 years would give you extra $115,510.00, assuming a 10% annual return.
Investing in this additonal $1,804.00 for 20 years would give you extra $115,510.00, assuming a 10% annual return.
AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST Total Employer Contribution and Match Rate
In 2023, AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST allocates $608,235.00 to match its employees' contributions, providing an employer match rate of 63.18% of their contributions
AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST is 12.76%.
AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST is 14.06%. This measures the effectiveness of the plan participants' investments in the year.
AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST is 0.03%.
Enrollment Features
AMERICAN BANCORPORATION, INC. 401(K) PROFIT SHARING PLAN & TRUST 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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