THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN
Plan Contact
- Phone: (828) 259-3939
Plan General Information
THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN Total Retirement Plan Assets
At the end of 2003, the total retirement plan assets of THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN is $9,702,438.00.This plan was established in 1984.
THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN Total Number of Retirement Plan Participants
At the end of 2003, the total number of retirement plan participants in THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN is 141
THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN Average Participant Retirement Account Value
In 2003, the average participant retirement account value for THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN is $68,811.00
THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN Estimated Average Employee Contribution Amount
In 2003, the estimated average employee contribution amount per participant for THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN is $5,647.00.
THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN Estimated Average Employer Match
In 2003, the estimated average employer match for an employee in THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN is approximately $6,387.00
Investing in this additonal $6,387.00 for 20 years would give you extra $408,802.00, assuming a 10% annual return.
Investing in this additonal $6,387.00 for 20 years would give you extra $408,802.00, assuming a 10% annual return.
THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN Total Employer Contribution and Match Rate
In 2003, THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN allocates $900,642.00 to match its employees' contributions, providing an employer match rate of 226.22% of their contributions
THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN Total Retirement Plan Asset Growth Rate
In 2003, the total retirement plan asset growth rate of THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN is 74.98%.
THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2003, the estimated aggregate retirement account investment gain/loss for THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN is 50.13%. This measures the effectiveness of the plan participants' investments in the year.
THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN Expense Ratio
In 2003, the investment and administrative expense ratio of THE HOMETOWN BANK EMPLOYEES 401K & PROFIT SHARING ACCOUNT PLAN is 0.00%.
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