SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION
Plan Contact
- Address: 1400 ALVERSER DRIVE,MIDLOTHIAN,VA
- Contact person: CINDY BEAZLEY
- Phone: (804) 858-8300
Plan General Information
SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION is $23,663,682.00.This plan was established in 1995.
SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION 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 MORTGAGE CORPORATION is 227
SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION is $104,245.00
SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION is $8,774.00.
SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION is approximately $72.00
Investing in this additonal $72.00 for 20 years would give you extra $4,613.00, assuming a 10% annual return.
Investing in this additonal $72.00 for 20 years would give you extra $4,613.00, assuming a 10% annual return.
SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION Total Employer Contribution and Match Rate
In 2023, SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION allocates $16,363.00 to match its employees' contributions, providing an employer match rate of 1.64% of their contributions
SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION is 8.97%.
SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION is 18.49%. This measures the effectiveness of the plan participants' investments in the year.
SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION Expense Ratio
In 2023, the investment and administrative expense ratio of SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION is 0.46%.
Enrollment Features
SBA DEFINED CONTRIBUTION PLAN FOR C&F MORTGAGE CORPORATION 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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