VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN
Plan Contact
- Contact person: CAROL DIESNERT
- Phone: (973) 305-4003
Plan General Information
VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2002, the total retirement plan assets of VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN is $41,431,353.00.This plan was established in 1965.
VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2002, the total number of retirement plan participants in VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN is 1525
VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN Average Participant Retirement Account Value
In 2002, the average participant retirement account value for VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN is $27,168.00
VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2002, the estimated average employee contribution amount per participant for VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN is $4,994.00.
VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN Estimated Average Employer Match
In 2002, the estimated average employer match for an employee in VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN is approximately $728.00
Investing in this additonal $728.00 for 20 years would give you extra $46,595.00, assuming a 10% annual return.
Investing in this additonal $728.00 for 20 years would give you extra $46,595.00, assuming a 10% annual return.
VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2002, VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN allocates $1,110,284.00 to match its employees' contributions, providing an employer match rate of 29.15% of their contributions
VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2002, the total retirement plan asset growth rate of VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN is -4.36%.
VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2002, the estimated aggregate retirement account investment gain/loss for VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN is -9.61%. This measures the effectiveness of the plan participants' investments in the year.
VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN Expense Ratio
In 2002, the investment and administrative expense ratio of VALLEY NATIONAL BANK EMPLOYEE SAVINGS & INVESTMENT PLAN is 0.00%.
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