SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN

Plan Contact

  • Address: 17901 CHENAL PARKWAY,LITTLE ROCK,AR
  • Phone: (501) 978-2231

Plan General Information

SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets

At the end of 2014, the total retirement plan assets of SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN is $636,290.00.This plan was established in 2001.

SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants

At the end of 2014, the total number of retirement plan participants in SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN is 398

SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value

In 2014, the average participant retirement account value for SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN is $1,598.00

SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount

In 2014, the estimated average employee contribution amount per participant for SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN is $1,859.00.

SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN Estimated Average Employer Match

In 2014, the estimated average employer match for an employee in SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN is approximately $372.00
Investing in this additonal $372.00 for 20 years would give you extra $23,814.00, assuming a 10% annual return.

SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate

In 2014, SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN allocates $148,095.00 to match its employees' contributions, providing an employer match rate of 40.02% of their contributions

SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate

In 2014, the total retirement plan asset growth rate of SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN is -96.95%.

SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2014, the estimated aggregate retirement account investment gain/loss for SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN is 66.25%. This measures the effectiveness of the plan participants' investments in the year.

SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN Expense Ratio

In 2014, the investment and administrative expense ratio of SUMMIT BANCORP, INC. 401(K) PROFIT SHARING PLAN is 1.85%.

Enrollment Features

SUMMIT BANCORP, INC. 401(K) PROFIT SHARING 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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