SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 4607 W. SYLVANIA AVENUE,TOLEDO,OH
- Contact person: SHANE GIBSON
- Phone: (419) 841-7773
Plan General Information
SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN is $33,707,528.00.This plan was established in 2001.
SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN is 197
SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN is $171,104.00
SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN is $4,022.00.
SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN is approximately $3,884.00
Investing in this additonal $3,884.00 for 20 years would give you extra $248,610.00, assuming a 10% annual return.
Investing in this additonal $3,884.00 for 20 years would give you extra $248,610.00, assuming a 10% annual return.
SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN allocates $765,255.00 to match its employees' contributions, providing an employer match rate of 102.01% of their contributions
SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN is -0.19%.
SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN is 6.69%. This measures the effectiveness of the plan participants' investments in the year.
SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN is 0.30%.
Enrollment Features
SIGNATURE BANCORP, INC. RETIREMENT SAVINGS PLAN 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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