MONARCH BANK RETIREMENT PLAN
Plan Contact
- Address: 6001 HARBOUR VIEW BLVD.,SUFFOLK,VA
- Phone: (757) 222-2100
Plan General Information
MONARCH BANK RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2016, the total retirement plan assets of MONARCH BANK RETIREMENT PLAN is $1,351.00.This plan was established in 1998.
MONARCH BANK RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2016, the total number of retirement plan participants in MONARCH BANK RETIREMENT PLAN is 985
MONARCH BANK RETIREMENT PLAN Average Participant Retirement Account Value
In 2016, the average participant retirement account value for MONARCH BANK RETIREMENT PLAN is $1.00
MONARCH BANK RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2016, the estimated average employee contribution amount per participant for MONARCH BANK RETIREMENT PLAN is $3,632.00.
MONARCH BANK RETIREMENT PLAN Estimated Average Employer Match
In 2016, the estimated average employer match for an employee in MONARCH BANK RETIREMENT PLAN is approximately $533.00
Investing in this additonal $533.00 for 20 years would give you extra $34,114.00, assuming a 10% annual return.
Investing in this additonal $533.00 for 20 years would give you extra $34,114.00, assuming a 10% annual return.
MONARCH BANK RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2016, MONARCH BANK RETIREMENT PLAN allocates $525,047.00 to match its employees' contributions, providing an employer match rate of 29.35% of their contributions
MONARCH BANK RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2016, the total retirement plan asset growth rate of MONARCH BANK RETIREMENT PLAN is -100.00%.
MONARCH BANK RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2016, the estimated aggregate retirement account investment gain/loss for MONARCH BANK RETIREMENT PLAN is 31.11%. This measures the effectiveness of the plan participants' investments in the year.
MONARCH BANK RETIREMENT PLAN Expense Ratio
In 2016, the investment and administrative expense ratio of MONARCH BANK RETIREMENT PLAN is 8811.62%.
Enrollment Features
MONARCH BANK RETIREMENT 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.
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