SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK

Plan Contact

  • Contact person: THOMAS FORESE JR
  • Phone: (781) 337-3000

Plan General Information

SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK Total Retirement Plan Assets

At the end of 2003, the total retirement plan assets of SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK is $6,904,575.00.This plan was established in 1996.

SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK Total Number of Retirement Plan Participants

At the end of 2003, the total number of retirement plan participants in SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK is 220

SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK Average Participant Retirement Account Value

In 2003, the average participant retirement account value for SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK is $31,384.00

SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK Estimated Average Employee Contribution Amount

In 2003, the estimated average employee contribution amount per participant for SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK is $5,114.00.

SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK Estimated Average Employer Match

In 2003, the estimated average employer match for an employee in SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK is approximately $1,970.00
Investing in this additonal $1,970.00 for 20 years would give you extra $126,083.00, assuming a 10% annual return.

SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK Total Employer Contribution and Match Rate

In 2003, SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK allocates $433,413.00 to match its employees' contributions, providing an employer match rate of 77.04% of their contributions

SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK Total Retirement Plan Asset Growth Rate

In 2003, the total retirement plan asset growth rate of SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK is 34.91%.

SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK Estimated Aggregate Retirement Account Investment Gain/Loss

In 2003, the estimated aggregate retirement account investment gain/loss for SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK is 21.09%. This measures the effectiveness of the plan participants' investments in the year.

SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK Expense Ratio

In 2003, the investment and administrative expense ratio of SBERA 401 K PLAN AS ADOPTED BY SOUTH SHORE SAVINGS BANK is 0.00%.

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