SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK

Plan Contact

  • Address: 265 FRANKLIN STREET,BOSTON,MA
  • Contact person: THOMAS FORESE, JR.
  • Phone: (781) 598-7909

Plan General Information

SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK Total Retirement Plan Assets

At the end of 2018, the total retirement plan assets of SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK is $151,318,555.00.This plan was established in 1992.

SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK Total Number of Retirement Plan Participants

At the end of 2018, the total number of retirement plan participants in SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK is 1970

SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK Average Participant Retirement Account Value

In 2018, the average participant retirement account value for SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK is $76,811.00

SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK Estimated Average Employee Contribution Amount

In 2018, the estimated average employee contribution amount per participant for SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK is $7,484.00.

SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK Estimated Average Employer Match

In 2018, the estimated average employer match for an employee in SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK is approximately $1,535.00
Investing in this additonal $1,535.00 for 20 years would give you extra $98,265.00, assuming a 10% annual return.

SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK Total Employer Contribution and Match Rate

In 2018, SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK allocates $3,024,720.00 to match its employees' contributions, providing an employer match rate of 41.03% of their contributions

SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK Total Retirement Plan Asset Growth Rate

In 2018, the total retirement plan asset growth rate of SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK is -4.46%.

SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK Estimated Aggregate Retirement Account Investment Gain/Loss

In 2018, the estimated aggregate retirement account investment gain/loss for SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK is -4.02%. This measures the effectiveness of the plan participants' investments in the year.

SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK Expense Ratio

In 2018, the investment and administrative expense ratio of SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK is 0.00%.

Enrollment Features

SBERA 401(K) PLAN AS ADOPTED BY EASTERN BANK has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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