FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN

Plan Contact

  • Address: 701 LASALLE STREET,OTTAWA,IL
  • Contact person: CHERYL WIGNES
  • Phone: (815) 434-0044

Plan General Information

FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN Total Retirement Plan Assets

At the end of 2020, the total retirement plan assets of FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN is $12,808,990.00.This plan was established in 1993.

FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2020, the total number of retirement plan participants in FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN is 133

FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN Average Participant Retirement Account Value

In 2020, the average participant retirement account value for FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN is $96,308.00

FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN is $13,261.00.

FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN Estimated Average Employer Match

In 2020, the estimated average employer match for an employee in FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN is approximately $4,063.00
Investing in this additonal $4,063.00 for 20 years would give you extra $260,084.00, assuming a 10% annual return.

FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN Total Employer Contribution and Match Rate

In 2020, FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN allocates $540,488.00 to match its employees' contributions, providing an employer match rate of 61.29% of their contributions

FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2020, the total retirement plan asset growth rate of FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN is 24.03%.

FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2020, the estimated aggregate retirement account investment gain/loss for FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN is 14.04%. This measures the effectiveness of the plan participants' investments in the year.

FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN Expense Ratio

In 2020, the investment and administrative expense ratio of FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) PLAN is 0.16%.

Enrollment Features

FIRST NATIONAL BANK OF OTTAWA, ILLINOIS EMPLOYEES' ESOP & 401(K) 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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