BANK7 EMPLOYEES' 401(K) PLAN
Plan Contact
- Address: 1039 N W 63RD,OKLAHOMA CITY,OK
- Contact person: EILEEN KILLMER
- Phone: (405) 848-3499
Plan General Information
BANK7 EMPLOYEES' 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BANK7 EMPLOYEES' 401(K) PLAN is $9,225,750.00.This plan was established in 1999.
BANK7 EMPLOYEES' 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BANK7 EMPLOYEES' 401(K) PLAN is 139
BANK7 EMPLOYEES' 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BANK7 EMPLOYEES' 401(K) PLAN is $66,372.00
BANK7 EMPLOYEES' 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BANK7 EMPLOYEES' 401(K) PLAN is $9,889.00.
BANK7 EMPLOYEES' 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BANK7 EMPLOYEES' 401(K) PLAN is approximately $3,062.00
Investing in this additonal $3,062.00 for 20 years would give you extra $195,982.00, assuming a 10% annual return.
Investing in this additonal $3,062.00 for 20 years would give you extra $195,982.00, assuming a 10% annual return.
BANK7 EMPLOYEES' 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, BANK7 EMPLOYEES' 401(K) PLAN allocates $425,650.00 to match its employees' contributions, providing an employer match rate of 61.93% of their contributions
BANK7 EMPLOYEES' 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BANK7 EMPLOYEES' 401(K) PLAN is 28.96%.
BANK7 EMPLOYEES' 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BANK7 EMPLOYEES' 401(K) PLAN is 14.53%. This measures the effectiveness of the plan participants' investments in the year.
BANK7 EMPLOYEES' 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BANK7 EMPLOYEES' 401(K) PLAN is 0.46%.
Enrollment Features
BANK7 EMPLOYEES' 401(K) 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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