RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE
Plan Contact
- Address: 405 WEST MAIN STREET,ARDMORE,OK
- Phone: (580) 223-1111
Plan General Information
RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE is $28,539,877.00.This plan was established in 1958.
RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE is 224
RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE Average Participant Retirement Account Value
In 2023, the average participant retirement account value for RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE is $127,410.00
RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE is $3,378.00.
RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE is approximately $1,155.00
Investing in this additonal $1,155.00 for 20 years would give you extra $73,973.00, assuming a 10% annual return.
Investing in this additonal $1,155.00 for 20 years would give you extra $73,973.00, assuming a 10% annual return.
RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE Total Employer Contribution and Match Rate
In 2023, RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE allocates $258,907.00 to match its employees' contributions, providing an employer match rate of 68.43% of their contributions
RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE is 11.42%.
RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE is 15.75%. This measures the effectiveness of the plan participants' investments in the year.
RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE Expense Ratio
In 2023, the investment and administrative expense ratio of RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE is 0.50%.
Enrollment Features
RETIREMENT PLAN FOR EMPLOYEES OF FIRST NATIONAL BANK OF ARDMORE 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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