TRIUMPH BANCORP, INC. 401(K) PLAN
Plan Contact
- Address: 12700 PARK CENTRAL DRIVE, STE. 1700,DALLAS,TX
- Contact person: THAD COWARD
- Phone: (214) 365-6900
Plan General Information
TRIUMPH BANCORP, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of TRIUMPH BANCORP, INC. 401(K) PLAN is $72,789,827.00.This plan was established in 2022.
TRIUMPH BANCORP, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in TRIUMPH BANCORP, INC. 401(K) PLAN is 1311
TRIUMPH BANCORP, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for TRIUMPH BANCORP, INC. 401(K) PLAN is $55,522.00
TRIUMPH BANCORP, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for TRIUMPH BANCORP, INC. 401(K) PLAN is $4,147.00.
TRIUMPH BANCORP, INC. 401(K) PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in TRIUMPH BANCORP, INC. 401(K) PLAN is approximately $2,254.00
Investing in this additonal $2,254.00 for 20 years would give you extra $144,268.00, assuming a 10% annual return.
Investing in this additonal $2,254.00 for 20 years would give you extra $144,268.00, assuming a 10% annual return.
TRIUMPH BANCORP, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2021, TRIUMPH BANCORP, INC. 401(K) PLAN allocates $2,955,245.00 to match its employees' contributions, providing an employer match rate of 54.36% of their contributions
TRIUMPH BANCORP, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of TRIUMPH BANCORP, INC. 401(K) PLAN is 22.75%.
TRIUMPH BANCORP, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for TRIUMPH BANCORP, INC. 401(K) PLAN is 14.07%. This measures the effectiveness of the plan participants' investments in the year.
TRIUMPH BANCORP, INC. 401(K) PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of TRIUMPH BANCORP, INC. 401(K) PLAN is 0.21%.
Enrollment Features
TRIUMPH BANCORP, INC. 401(K) 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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