IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT
Plan Contact
- Address: 501 2ND ST,IDA GROVE,IA
- Contact person: EARLEEN UHL
- Phone: (712) 364-3393
Plan General Information
IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT is $64,498,975.00.This plan was established in 1987.
IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT is 386
IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT Average Participant Retirement Account Value
In 2023, the average participant retirement account value for IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT is $167,095.00
IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT is $5,030.00.
IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT is approximately $3,800.00
Investing in this additonal $3,800.00 for 20 years would give you extra $243,217.00, assuming a 10% annual return.
Investing in this additonal $3,800.00 for 20 years would give you extra $243,217.00, assuming a 10% annual return.
IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT Total Employer Contribution and Match Rate
In 2023, IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT allocates $1,466,906.00 to match its employees' contributions, providing an employer match rate of 79.24% of their contributions
IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT is 8.84%.
IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT is 9.56%. This measures the effectiveness of the plan participants' investments in the year.
IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT Expense Ratio
In 2023, the investment and administrative expense ratio of IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT is 0.27%.
Enrollment Features
IDA GROVE BANCSHARES, INC. ESOP WITH 401(K) PROVISIONS AND TRUST AGREEMENT 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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