INTERCREDIT BANK, N.A. 401(K) PLAN
Plan Contact
- Address: 4725 SW 8TH STREET,MIAMI,FL
- Phone: (305) 375-8442
Plan General Information
INTERCREDIT BANK, N.A. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of INTERCREDIT BANK, N.A. 401(K) PLAN is $7,021,295.00.This plan was established in 1992.
INTERCREDIT BANK, N.A. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in INTERCREDIT BANK, N.A. 401(K) PLAN is 118
INTERCREDIT BANK, N.A. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for INTERCREDIT BANK, N.A. 401(K) PLAN is $59,502.00
INTERCREDIT BANK, N.A. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for INTERCREDIT BANK, N.A. 401(K) PLAN is $3,622.00.
INTERCREDIT BANK, N.A. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in INTERCREDIT BANK, N.A. 401(K) PLAN is approximately $1,635.00
Investing in this additonal $1,635.00 for 20 years would give you extra $104,684.00, assuming a 10% annual return.
Investing in this additonal $1,635.00 for 20 years would give you extra $104,684.00, assuming a 10% annual return.
INTERCREDIT BANK, N.A. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, INTERCREDIT BANK, N.A. 401(K) PLAN allocates $193,012.00 to match its employees' contributions, providing an employer match rate of 46.53% of their contributions
INTERCREDIT BANK, N.A. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of INTERCREDIT BANK, N.A. 401(K) PLAN is 5.62%.
INTERCREDIT BANK, N.A. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for INTERCREDIT BANK, N.A. 401(K) PLAN is 15.08%. This measures the effectiveness of the plan participants' investments in the year.
INTERCREDIT BANK, N.A. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of INTERCREDIT BANK, N.A. 401(K) PLAN is 0.81%.
Enrollment Features
INTERCREDIT BANK, N.A. 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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