VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN
Plan Contact
- Address: 70 SPEEDWELL AVE,MORRISTOWN,NJ
- Contact person: YVONNE SUROWIEC
- Phone: (973) 305-8800
Plan General Information
VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN is $578,958,057.00.This plan was established in 1965.
VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN is 5595
VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN is $103,477.00
VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN is $5,894.00.
VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN is approximately $2,842.00
Investing in this additonal $2,842.00 for 20 years would give you extra $181,893.00, assuming a 10% annual return.
Investing in this additonal $2,842.00 for 20 years would give you extra $181,893.00, assuming a 10% annual return.
VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2023, VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN allocates $15,901,448.00 to match its employees' contributions, providing an employer match rate of 52.97% of their contributions
VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN is 19.42%.
VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN is 20.53%. This measures the effectiveness of the plan participants' investments in the year.
VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of VALLEY NATIONAL BANK SAVINGS AND INVESTMENT PLAN is 0.06%.
Enrollment Features
VALLEY NATIONAL BANK SAVINGS AND INVESTMENT 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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