MERCANTILE BANK 401K PLAN & TRUST
Plan Contact
- Contact person: BARRYK MILLER SR, EVP
- Phone: (727) 812-4533
Plan General Information
MERCANTILE BANK 401K PLAN & TRUST Total Retirement Plan Assets
At the end of 2001, the total retirement plan assets of MERCANTILE BANK 401K PLAN & TRUST is $2,413,141.00.This plan was established in 1991.
MERCANTILE BANK 401K PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2001, the total number of retirement plan participants in MERCANTILE BANK 401K PLAN & TRUST is 171
MERCANTILE BANK 401K PLAN & TRUST Average Participant Retirement Account Value
In 2001, the average participant retirement account value for MERCANTILE BANK 401K PLAN & TRUST is $14,111.00
MERCANTILE BANK 401K PLAN & TRUST Estimated Average Employee Contribution Amount
In 2001, the estimated average employee contribution amount per participant for MERCANTILE BANK 401K PLAN & TRUST is $3,964.00.
MERCANTILE BANK 401K PLAN & TRUST Estimated Average Employer Match
In 2001, the estimated average employer match for an employee in MERCANTILE BANK 401K PLAN & TRUST is approximately $766.00
Investing in this additonal $766.00 for 20 years would give you extra $49,036.00, assuming a 10% annual return.
Investing in this additonal $766.00 for 20 years would give you extra $49,036.00, assuming a 10% annual return.
MERCANTILE BANK 401K PLAN & TRUST Total Employer Contribution and Match Rate
In 2001, MERCANTILE BANK 401K PLAN & TRUST allocates $131,019.00 to match its employees' contributions, providing an employer match rate of 38.65% of their contributions
MERCANTILE BANK 401K PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2001, the total retirement plan asset growth rate of MERCANTILE BANK 401K PLAN & TRUST is -13.22%.
MERCANTILE BANK 401K PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2001, the estimated aggregate retirement account investment gain/loss for MERCANTILE BANK 401K PLAN & TRUST is -19.69%. This measures the effectiveness of the plan participants' investments in the year.
MERCANTILE BANK 401K PLAN & TRUST Expense Ratio
In 2001, the investment and administrative expense ratio of MERCANTILE BANK 401K PLAN & TRUST is 0.00%.
Enrollment Features
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