AVIDBANK 401K & PROFIT SHARING PLAN
Plan Contact
- Address: 1732 NORTH 1ST STREET,,SAN JOSE,CA
- Contact person: LAURA BURGESS
- Phone: (650) 843-2294
Plan General Information
AVIDBANK 401K & PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AVIDBANK 401K & PROFIT SHARING PLAN is $23,631,142.00.This plan was established in 2003.
AVIDBANK 401K & PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AVIDBANK 401K & PROFIT SHARING PLAN is 163
AVIDBANK 401K & PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AVIDBANK 401K & PROFIT SHARING PLAN is $144,976.00
AVIDBANK 401K & PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AVIDBANK 401K & PROFIT SHARING PLAN is $14,568.00.
AVIDBANK 401K & PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AVIDBANK 401K & PROFIT SHARING PLAN is approximately $3,400.00
Investing in this additonal $3,400.00 for 20 years would give you extra $217,644.00, assuming a 10% annual return.
Investing in this additonal $3,400.00 for 20 years would give you extra $217,644.00, assuming a 10% annual return.
AVIDBANK 401K & PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, AVIDBANK 401K & PROFIT SHARING PLAN allocates $554,314.00 to match its employees' contributions, providing an employer match rate of 24.79% of their contributions
AVIDBANK 401K & PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AVIDBANK 401K & PROFIT SHARING PLAN is 34.29%.
AVIDBANK 401K & PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AVIDBANK 401K & PROFIT SHARING PLAN is 17.70%. This measures the effectiveness of the plan participants' investments in the year.
AVIDBANK 401K & PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of AVIDBANK 401K & PROFIT SHARING PLAN is 0.00%.
Enrollment Features
AVIDBANK 401K & PROFIT SHARING PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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