SBA DEFINED CONTRIBUTION PLAN FOR C&F FINANCE
Plan Contact
- Address: P.O. BOX 2129,RICHMOND,VA
- Contact person: BOBBI WEIMER
- Phone: (804) 236-9601
Plan General Information
SBA DEFINED CONTRIBUTION PLAN FOR C&F FINANCE Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SBA DEFINED CONTRIBUTION PLAN FOR C&F FINANCE is 113
SBA DEFINED CONTRIBUTION PLAN FOR C&F FINANCE Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SBA DEFINED CONTRIBUTION PLAN FOR C&F FINANCE is $4,046.00.
SBA DEFINED CONTRIBUTION PLAN FOR C&F FINANCE Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SBA DEFINED CONTRIBUTION PLAN FOR C&F FINANCE is approximately $1,402.00
Investing in this additonal $1,402.00 for 20 years would give you extra $89,772.00, assuming a 10% annual return.
Investing in this additonal $1,402.00 for 20 years would give you extra $89,772.00, assuming a 10% annual return.
SBA DEFINED CONTRIBUTION PLAN FOR C&F FINANCE Total Employer Contribution and Match Rate
In 2023, SBA DEFINED CONTRIBUTION PLAN FOR C&F FINANCE allocates $158,505.00 to match its employees' contributions, providing an employer match rate of 69.32% of their contributions
Enrollment Features
SBA DEFINED CONTRIBUTION PLAN FOR C&F FINANCE 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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