FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST
Plan Contact
- Address: 200 W. COURT STREET,PARAGOULD,AR
- Contact person: STACEY GARCIA
- Phone: (870) 239-8521
Plan General Information
FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST is $25,075,754.00.This plan was established in 2005.
FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST is 334
FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST is $75,077.00
FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST is $3,728.00.
FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST is approximately $2,210.00
Investing in this additonal $2,210.00 for 20 years would give you extra $141,492.00, assuming a 10% annual return.
Investing in this additonal $2,210.00 for 20 years would give you extra $141,492.00, assuming a 10% annual return.
FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST Total Employer Contribution and Match Rate
In 2023, FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST allocates $738,414.00 to match its employees' contributions, providing an employer match rate of 63.38% of their contributions
FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST is 17.27%.
FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST is 16.00%. This measures the effectiveness of the plan participants' investments in the year.
FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST is 0.40%.
Enrollment Features
FIRST PARAGOULD BANKSHARES, INC. EMPLOYEES SAVINGS TRUST 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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