BANK OF NEWPORT PROFIT SHARING/401K PLAN
Plan Contact
- Contact person: M. SUE PERRY
- Phone: (401) 846-3400
Plan General Information
BANK OF NEWPORT PROFIT SHARING/401K PLAN Total Retirement Plan Assets
At the end of 1999, the total retirement plan assets of BANK OF NEWPORT PROFIT SHARING/401K PLAN is $8,268,566.00.This plan was established in 1987.
BANK OF NEWPORT PROFIT SHARING/401K PLAN Total Number of Retirement Plan Participants
At the end of 1999, the total number of retirement plan participants in BANK OF NEWPORT PROFIT SHARING/401K PLAN is 192
BANK OF NEWPORT PROFIT SHARING/401K PLAN Average Participant Retirement Account Value
In 1999, the average participant retirement account value for BANK OF NEWPORT PROFIT SHARING/401K PLAN is $43,065.00
BANK OF NEWPORT PROFIT SHARING/401K PLAN Estimated Average Employee Contribution Amount
In 1999, the estimated average employee contribution amount per participant for BANK OF NEWPORT PROFIT SHARING/401K PLAN is $4,197.00.
BANK OF NEWPORT PROFIT SHARING/401K PLAN Estimated Average Employer Match
In 1999, the estimated average employer match for an employee in BANK OF NEWPORT PROFIT SHARING/401K PLAN is approximately $1,475.00
Investing in this additonal $1,475.00 for 20 years would give you extra $94,454.00, assuming a 10% annual return.
Investing in this additonal $1,475.00 for 20 years would give you extra $94,454.00, assuming a 10% annual return.
BANK OF NEWPORT PROFIT SHARING/401K PLAN Total Employer Contribution and Match Rate
In 1999, BANK OF NEWPORT PROFIT SHARING/401K PLAN allocates $283,364.00 to match its employees' contributions, providing an employer match rate of 70.33% of their contributions
BANK OF NEWPORT PROFIT SHARING/401K PLAN Total Retirement Plan Asset Growth Rate
In 1999, the total retirement plan asset growth rate of BANK OF NEWPORT PROFIT SHARING/401K PLAN is 21.23%.
BANK OF NEWPORT PROFIT SHARING/401K PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 1999, the estimated aggregate retirement account investment gain/loss for BANK OF NEWPORT PROFIT SHARING/401K PLAN is 19.54%. This measures the effectiveness of the plan participants' investments in the year.
BANK OF NEWPORT PROFIT SHARING/401K PLAN Expense Ratio
In 1999, the investment and administrative expense ratio of BANK OF NEWPORT PROFIT SHARING/401K PLAN is 0.12%.
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