CENTRAL BANK 401(K) PROFIT SHARING PLAN

Plan Contact

  • Address: PO BOX 578,STORM LAKE,IA
  • Contact person: JESSIE KIES
  • Phone: (712) 732-2190

Plan General Information

CENTRAL BANK 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of CENTRAL BANK 401(K) PROFIT SHARING PLAN is $28,919,528.00.This plan was established in 1991.

CENTRAL BANK 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in CENTRAL BANK 401(K) PROFIT SHARING PLAN is 357

CENTRAL BANK 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for CENTRAL BANK 401(K) PROFIT SHARING PLAN is $81,007.00

CENTRAL BANK 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for CENTRAL BANK 401(K) PROFIT SHARING PLAN is $6,905.00.

CENTRAL BANK 401(K) PROFIT SHARING PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in CENTRAL BANK 401(K) PROFIT SHARING PLAN is approximately $1,496.00
Investing in this additonal $1,496.00 for 20 years would give you extra $95,794.00, assuming a 10% annual return.

CENTRAL BANK 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2023, CENTRAL BANK 401(K) PROFIT SHARING PLAN allocates $534,355.00 to match its employees' contributions, providing an employer match rate of 22.49% of their contributions

CENTRAL BANK 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of CENTRAL BANK 401(K) PROFIT SHARING PLAN is 24.45%.

CENTRAL BANK 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for CENTRAL BANK 401(K) PROFIT SHARING PLAN is 16.88%. This measures the effectiveness of the plan participants' investments in the year.

CENTRAL BANK 401(K) PROFIT SHARING PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of CENTRAL BANK 401(K) PROFIT SHARING PLAN is 0.23%.

Enrollment Features

CENTRAL BANK 401(K) 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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