THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN
Plan Contact
- Address: 203 MAIN STREET,THOMASTON,CT
- Contact person: REBEKAH STOKES
- Phone: (860) 283-1874
Plan General Information
THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN is $23,828,372.00.This plan was established in 1990.
THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN is 283
THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN is $84,199.00
THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN is $5,347.00.
THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN is approximately $2,271.00
Investing in this additonal $2,271.00 for 20 years would give you extra $145,361.00, assuming a 10% annual return.
Investing in this additonal $2,271.00 for 20 years would give you extra $145,361.00, assuming a 10% annual return.
THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN allocates $642,771.00 to match its employees' contributions, providing an employer match rate of 44.60% of their contributions
THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN is 15.58%.
THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN is 15.54%. This measures the effectiveness of the plan participants' investments in the year.
THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT PLAN is 0.19%.
Enrollment Features
THE THOMASTON SAVINGS BANK 401(K) SAVINGS & RETIREMENT 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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