EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS
Plan Contact
- Address: 1333 NEW HAMPSHIRE AVENUE, NW,WASHINGTON,DC
- Contact person: DEBORAH K HOOVER
- Phone: (202) 663-5000
Plan General Information
EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS is $180,520,331.00.This plan was established in 1965.
EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS is 504
EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS Average Participant Retirement Account Value
In 2023, the average participant retirement account value for EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS is $358,175.00
EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS is $9,702.00.
EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS is approximately $12,443.00
Investing in this additonal $12,443.00 for 20 years would give you extra $796,399.00, assuming a 10% annual return.
Investing in this additonal $12,443.00 for 20 years would give you extra $796,399.00, assuming a 10% annual return.
EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS Total Employer Contribution and Match Rate
In 2023, EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS allocates $6,271,644.00 to match its employees' contributions, providing an employer match rate of 128.77% of their contributions
EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS is 20.56%.
EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS is 17.22%. This measures the effectiveness of the plan participants' investments in the year.
EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS Expense Ratio
In 2023, the investment and administrative expense ratio of EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS is 0.07%.
Enrollment Features
EMPLOYEES THRIFT PLAN OF THE AMERICAN BANKERS 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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