MIZUHO BANK, LTD. 401(K) SAVINGS PLAN
Plan Contact
- Address: 1271 AVENUE OF THE AMERICAS,NEW YORK,NY
- Contact person: MARK HAYNIE
- Phone: (212) 282-3278
Plan General Information
MIZUHO BANK, LTD. 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of MIZUHO BANK, LTD. 401(K) SAVINGS PLAN is $474,441,649.00.This plan was established in 1989.
MIZUHO BANK, LTD. 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in MIZUHO BANK, LTD. 401(K) SAVINGS PLAN is 2031
MIZUHO BANK, LTD. 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for MIZUHO BANK, LTD. 401(K) SAVINGS PLAN is $233,600.00
MIZUHO BANK, LTD. 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for MIZUHO BANK, LTD. 401(K) SAVINGS PLAN is $14,503.00.
MIZUHO BANK, LTD. 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in MIZUHO BANK, LTD. 401(K) SAVINGS PLAN is approximately $5,025.00
Investing in this additonal $5,025.00 for 20 years would give you extra $321,647.00, assuming a 10% annual return.
Investing in this additonal $5,025.00 for 20 years would give you extra $321,647.00, assuming a 10% annual return.
MIZUHO BANK, LTD. 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2020, MIZUHO BANK, LTD. 401(K) SAVINGS PLAN allocates $10,207,284.00 to match its employees' contributions, providing an employer match rate of 69.30% of their contributions
MIZUHO BANK, LTD. 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of MIZUHO BANK, LTD. 401(K) SAVINGS PLAN is 11.66%.
MIZUHO BANK, LTD. 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for MIZUHO BANK, LTD. 401(K) SAVINGS PLAN is 17.69%. This measures the effectiveness of the plan participants' investments in the year.
MIZUHO BANK, LTD. 401(K) SAVINGS PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of MIZUHO BANK, LTD. 401(K) SAVINGS PLAN is 0.05%.
Enrollment Features
MIZUHO BANK, LTD. 401(K) SAVINGS PLAN 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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