HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN
Plan Contact
- Address: 310 1ST STREET S,WILLMAR,MN
- Contact person: AMY SHAUB
- Phone: (605) 789-8976
Plan General Information
HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN is $13,432,913.00.This plan was established in 1995.
HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN is 161
HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN is $83,434.00
HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN is $7,379.00.
HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN is 8.79%.
HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN is 8.42%. This measures the effectiveness of the plan participants' investments in the year.
HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT PLAN is 0.51%.
Enrollment Features
HERITAGE BANCSHARES GROUP, INC. 401(K) RETIREMENT 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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