IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS

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Plan General Information

IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS is $20,862,392.00.This plan was established in 1976.

IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS is 2

IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS Average Participant Retirement Account Value

In 2023, the average participant retirement account value for IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS is $10,431,196.00

IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS is $5,956.00.

IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS is approximately $212,736.00
Investing in this additonal $212,736.00 for 20 years would give you extra $13,615,136.00, assuming a 10% annual return.

IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS Total Employer Contribution and Match Rate

In 2023, IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS allocates $425,473.00 to match its employees' contributions, providing an employer match rate of 100.61% of their contributions

IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS is 0.58%.

IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS is 15.93%. This measures the effectiveness of the plan participants' investments in the year.

IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS Expense Ratio

In 2023, the investment and administrative expense ratio of IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS is 0.01%.

Enrollment Features

IOWA FIRST BANCSHARES CORP. 401(K) PLAN WITH EMPLOYEE STOCK OWNERSHIP PROVISIONS 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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