TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S
Plan Contact
- Address: 1238 BROAD STREET,,NEW CASTLE,IN
- Contact person: MANDY MCDANIEL
- Phone: (765) 529-5450
Plan General Information
TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S is $14,219,074.00.This plan was established in 1986.
TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S is 167
TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S Average Participant Retirement Account Value
In 2023, the average participant retirement account value for TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S is $85,144.00
TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S is $4,039.00.
TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S is approximately $1,633.00
Investing in this additonal $1,633.00 for 20 years would give you extra $104,525.00, assuming a 10% annual return.
Investing in this additonal $1,633.00 for 20 years would give you extra $104,525.00, assuming a 10% annual return.
TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S Total Employer Contribution and Match Rate
In 2023, TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S allocates $272,745.00 to match its employees' contributions, providing an employer match rate of 40.43% of their contributions
TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S is 10.60%.
TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S is 18.46%. This measures the effectiveness of the plan participants' investments in the year.
TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S Expense Ratio
In 2023, the investment and administrative expense ratio of TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S is 0.18%.
Enrollment Features
TOWN FINANCIAL CORPORATION AND OTHER RELATED COMPANIES SALARY S 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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