CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
Plan Contact
- Address: ONE SOUTH SECOND STREET,,CLEARFIELD,PA
- Contact person: HEATHER KOPTCHAK
- Phone: (814) 765-9621
Plan General Information
CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST is $80,759,852.00.This plan was established in 1995.
CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST is 956
CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST is $84,476.00
CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST is $5,079.00.
CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST is approximately $5,621.00
Investing in this additonal $5,621.00 for 20 years would give you extra $359,797.00, assuming a 10% annual return.
Investing in this additonal $5,621.00 for 20 years would give you extra $359,797.00, assuming a 10% annual return.
CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST allocates $5,374,474.00 to match its employees' contributions, providing an employer match rate of 121.98% of their contributions
CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST is 20.21%.
CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST is 17.85%. This measures the effectiveness of the plan participants' investments in the year.
CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST is 0.03%.
Enrollment Features
CNB BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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