NORTHFIELD BANK EMPLOYEE SAVINGS PLAN
Plan Contact
- Address: 581 MAIN STREET SUITE 810,WOODBRIDGE,NJ
- Contact person: JUDITH CALABRESE
- Phone: (732) 499-7200
Plan General Information
NORTHFIELD BANK EMPLOYEE SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NORTHFIELD BANK EMPLOYEE SAVINGS PLAN is $32,940,897.00.This plan was established in 1980.
NORTHFIELD BANK EMPLOYEE SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NORTHFIELD BANK EMPLOYEE SAVINGS PLAN is 498
NORTHFIELD BANK EMPLOYEE SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NORTHFIELD BANK EMPLOYEE SAVINGS PLAN is $66,146.00
NORTHFIELD BANK EMPLOYEE SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NORTHFIELD BANK EMPLOYEE SAVINGS PLAN is $5,026.00.
NORTHFIELD BANK EMPLOYEE SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NORTHFIELD BANK EMPLOYEE SAVINGS PLAN is approximately $1,271.00
Investing in this additonal $1,271.00 for 20 years would give you extra $81,368.00, assuming a 10% annual return.
Investing in this additonal $1,271.00 for 20 years would give you extra $81,368.00, assuming a 10% annual return.
NORTHFIELD BANK EMPLOYEE SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, NORTHFIELD BANK EMPLOYEE SAVINGS PLAN allocates $633,149.00 to match its employees' contributions, providing an employer match rate of 26.22% of their contributions
NORTHFIELD BANK EMPLOYEE SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NORTHFIELD BANK EMPLOYEE SAVINGS PLAN is 17.68%.
NORTHFIELD BANK EMPLOYEE SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NORTHFIELD BANK EMPLOYEE SAVINGS PLAN is 10.50%. This measures the effectiveness of the plan participants' investments in the year.
NORTHFIELD BANK EMPLOYEE SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of NORTHFIELD BANK EMPLOYEE SAVINGS PLAN is 0.21%.
Enrollment Features
NORTHFIELD BANK EMPLOYEE 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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