AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN
Plan Contact
- Address: 701 LASALLE STREET,OTTAWA,IL
- Contact person: ROSEMARIE LAJKA
- Phone: (815) 434-0044
Plan General Information
AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN is $18,594,875.00.This plan was established in 1993.
AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN is 197
AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN is $94,390.00
AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN is $6,345.00.
AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN is approximately $2,512.00
Investing in this additonal $2,512.00 for 20 years would give you extra $160,774.00, assuming a 10% annual return.
Investing in this additonal $2,512.00 for 20 years would give you extra $160,774.00, assuming a 10% annual return.
AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN allocates $494,885.00 to match its employees' contributions, providing an employer match rate of 43.21% of their contributions
AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN is 27.52%.
AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN is 20.56%. This measures the effectiveness of the plan participants' investments in the year.
AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) PLAN is 0.28%.
Enrollment Features
AMERICAN COMMERCIAL BANK & TRUST, NATIONAL ASSOCIATION EMPLOYEES' ESOP & 401(K) 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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