COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK
Plan Contact
- Address: 10407 CENTURION PARKWAY N.,,JACKSONVILLE,FL
- Contact person: KEVIN CHEEZUM
- Phone: (904) 348-3131
Plan General Information
COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK is $13,909,312.00.This plan was established in 2022.
COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK is 405
COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK Average Participant Retirement Account Value
In 2023, the average participant retirement account value for COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK is $34,343.00
COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK is $7,943.00.
COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK is approximately $1,858.00
Investing in this additonal $1,858.00 for 20 years would give you extra $118,917.00, assuming a 10% annual return.
Investing in this additonal $1,858.00 for 20 years would give you extra $118,917.00, assuming a 10% annual return.
COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK Total Employer Contribution and Match Rate
In 2023, COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK allocates $752,524.00 to match its employees' contributions, providing an employer match rate of 46.78% of their contributions
COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK is 185.35%.
COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK is 120.05%. This measures the effectiveness of the plan participants' investments in the year.
COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK Expense Ratio
In 2023, the investment and administrative expense ratio of COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK is 0.40%.
Enrollment Features
COGENT BANK MASTER POOLED 401(K) PLAN FOR COGENT BANK 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.
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