AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN
Plan Contact
- Address: 100 NORTH GAY ST. P O BOX 3110,AUBURN,AL
- Contact person: LAURA CARRINGTON
- Phone: (334) 821-9200
Plan General Information
AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN is $11,934,613.00.This plan was established in 1985.
AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN is 183
AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN is $65,216.00
AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN is $3,082.00.
AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN is approximately $1,794.00
Investing in this additonal $1,794.00 for 20 years would give you extra $114,865.00, assuming a 10% annual return.
Investing in this additonal $1,794.00 for 20 years would give you extra $114,865.00, assuming a 10% annual return.
AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN allocates $328,443.00 to match its employees' contributions, providing an employer match rate of 59.70% of their contributions
AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN is 17.77%.
AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN is 13.94%. This measures the effectiveness of the plan participants' investments in the year.
AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of AUBURN NATIONAL BANCORPORATION, INC. 401(K) PLAN is 0.47%.
Enrollment Features
AUBURN NATIONAL BANCORPORATION, INC. 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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