METROPOLITAN COMMERCIAL BANK
Plan Contact
- Address: 99 PARK AVENUE,,NEW YORK,NY
- Contact person: SANGEETA KISHORE
- Phone: (212) 659-0600
Plan General Information
METROPOLITAN COMMERCIAL BANK Total Retirement Plan Assets
At the end of 2015, the total retirement plan assets of METROPOLITAN COMMERCIAL BANK is $7,276,166.00.This plan was established in 1999.
METROPOLITAN COMMERCIAL BANK Total Number of Retirement Plan Participants
At the end of 2015, the total number of retirement plan participants in METROPOLITAN COMMERCIAL BANK is 139
METROPOLITAN COMMERCIAL BANK Average Participant Retirement Account Value
In 2015, the average participant retirement account value for METROPOLITAN COMMERCIAL BANK is $52,346.00
METROPOLITAN COMMERCIAL BANK Estimated Average Employee Contribution Amount
In 2015, the estimated average employee contribution amount per participant for METROPOLITAN COMMERCIAL BANK is $9,984.00.
METROPOLITAN COMMERCIAL BANK Estimated Average Employer Match
In 2015, the estimated average employer match for an employee in METROPOLITAN COMMERCIAL BANK is approximately $1,591.00
Investing in this additonal $1,591.00 for 20 years would give you extra $101,836.00, assuming a 10% annual return.
Investing in this additonal $1,591.00 for 20 years would give you extra $101,836.00, assuming a 10% annual return.
METROPOLITAN COMMERCIAL BANK Total Employer Contribution and Match Rate
In 2015, METROPOLITAN COMMERCIAL BANK allocates $221,176.00 to match its employees' contributions, providing an employer match rate of 31.87% of their contributions
METROPOLITAN COMMERCIAL BANK Total Retirement Plan Asset Growth Rate
In 2015, the total retirement plan asset growth rate of METROPOLITAN COMMERCIAL BANK is 5.27%.
METROPOLITAN COMMERCIAL BANK Estimated Aggregate Retirement Account Investment Gain/Loss
In 2015, the estimated aggregate retirement account investment gain/loss for METROPOLITAN COMMERCIAL BANK is 0.30%. This measures the effectiveness of the plan participants' investments in the year.
METROPOLITAN COMMERCIAL BANK Expense Ratio
In 2015, the investment and administrative expense ratio of METROPOLITAN COMMERCIAL BANK is 0.02%.
Enrollment Features
METROPOLITAN COMMERCIAL BANK 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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