BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN
Plan Contact
- Address: 4600 EAST-WEST HWY,,BETHESDA,MD
- Contact person: CATHY COUGHLIN
- Phone: (301) 694-1518
Plan General Information
BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN is $44,164,435.00.This plan was established in 1983.
BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN is 321
BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN is $137,583.00
BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN is $5,210.00.
BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN is approximately $1,687.00
Investing in this additonal $1,687.00 for 20 years would give you extra $108,026.00, assuming a 10% annual return.
Investing in this additonal $1,687.00 for 20 years would give you extra $108,026.00, assuming a 10% annual return.
BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN allocates $541,821.00 to match its employees' contributions, providing an employer match rate of 31.70% of their contributions
BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN is 14.74%.
BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN is 18.21%. This measures the effectiveness of the plan participants' investments in the year.
BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BANKERS FINANCE CAPITAL CORP. EMPLOYEE 401(K) PLAN is 0.04%.
Enrollment Features
BANKERS FINANCE CAPITAL CORP. EMPLOYEE 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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