THE BANK OF KENTUCKY INC. 401K PROFIT SHARING PLAN
Plan Contact
- Address: P O BOX 577,FLORENCE,KY
- Contact person: STEVE REEDER
- Phone: (859) 372-5161
Plan General Information
THE BANK OF KENTUCKY INC. 401K PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2015, the total number of retirement plan participants in THE BANK OF KENTUCKY INC. 401K PROFIT SHARING PLAN is 398
THE BANK OF KENTUCKY INC. 401K PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2015, the estimated average employee contribution amount per participant for THE BANK OF KENTUCKY INC. 401K PROFIT SHARING PLAN is $3,040.00.
THE BANK OF KENTUCKY INC. 401K PROFIT SHARING PLAN Estimated Average Employer Match
In 2015, the estimated average employer match for an employee in THE BANK OF KENTUCKY INC. 401K PROFIT SHARING PLAN is approximately $526.00
Investing in this additonal $526.00 for 20 years would give you extra $33,695.00, assuming a 10% annual return.
Investing in this additonal $526.00 for 20 years would give you extra $33,695.00, assuming a 10% annual return.
THE BANK OF KENTUCKY INC. 401K PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2015, THE BANK OF KENTUCKY INC. 401K PROFIT SHARING PLAN allocates $209,541.00 to match its employees' contributions, providing an employer match rate of 34.63% of their contributions
Enrollment Features
THE BANK OF KENTUCKY INC. 401K PROFIT SHARING PLAN 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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