COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T
Plan Contact
- Address: 112 WEST MAIN STREET,MCARTHUR,OH
- Contact person: ANTHONY WARREN
- Phone: (740) 596-2525
Plan General Information
COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T is $20,497,424.00.This plan was established in 1998.
COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T is 268
COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T Average Participant Retirement Account Value
In 2023, the average participant retirement account value for COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T is $76,482.00
COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T is $3,468.00.
COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T is approximately $1,829.00
Investing in this additonal $1,829.00 for 20 years would give you extra $117,082.00, assuming a 10% annual return.
Investing in this additonal $1,829.00 for 20 years would give you extra $117,082.00, assuming a 10% annual return.
COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T Total Employer Contribution and Match Rate
In 2023, COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T allocates $490,285.00 to match its employees' contributions, providing an employer match rate of 54.58% of their contributions
COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T is 17.12%.
COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T is 18.93%. This measures the effectiveness of the plan participants' investments in the year.
COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T Expense Ratio
In 2023, the investment and administrative expense ratio of COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T is 0.22%.
Enrollment Features
COMMUNITY BANCSHARES, INC. 401(K) SAVINGS PLAN & T 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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