CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC.
Plan Contact
- Address: 200 EAST BROADWAY,MONMOUTH,IL
- Contact person: BETTY CALDWELL
- Phone: (217) 736-2224
Plan General Information
CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. is $14,563,471.00.This plan was established in 2020.
CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. is 170
CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. is $85,667.00
CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. is $3,332.00.
CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. is approximately $1,958.00
Investing in this additonal $1,958.00 for 20 years would give you extra $125,343.00, assuming a 10% annual return.
Investing in this additonal $1,958.00 for 20 years would give you extra $125,343.00, assuming a 10% annual return.
CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. Total Employer Contribution and Match Rate
In 2023, CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. allocates $332,944.00 to match its employees' contributions, providing an employer match rate of 63.03% of their contributions
CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. is 22.36%.
CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. is 16.83%. This measures the effectiveness of the plan participants' investments in the year.
CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. Expense Ratio
In 2023, the investment and administrative expense ratio of CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. is 0.46%.
Enrollment Features
CBAI 401(K) MULTIPLE EMPLOYER PLAN ADOPTED BY WESTERN ILLINOIS BANCSHARES, INC. 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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