VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC.
Plan Contact
- Address: P.O. BOX 17310,RICHMOND,VA
- Contact person: BOBBI WEIMER
- Phone: (804) 435-1171
Plan General Information
VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. Total Retirement Plan Assets
At the end of 2017, the total retirement plan assets of VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. is $6,396,177.00.This plan was established in 1990.
VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. Total Number of Retirement Plan Participants
At the end of 2017, the total number of retirement plan participants in VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. is 133
VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. Average Participant Retirement Account Value
In 2017, the average participant retirement account value for VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. is $48,091.00
VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. Estimated Average Employee Contribution Amount
In 2017, the estimated average employee contribution amount per participant for VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. is $6,696.00.
VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. Estimated Average Employer Match
In 2017, the estimated average employer match for an employee in VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. is approximately $1,859.00
Investing in this additonal $1,859.00 for 20 years would give you extra $118,994.00, assuming a 10% annual return.
Investing in this additonal $1,859.00 for 20 years would give you extra $118,994.00, assuming a 10% annual return.
VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. Total Employer Contribution and Match Rate
In 2017, VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. allocates $247,286.00 to match its employees' contributions, providing an employer match rate of 55.53% of their contributions
VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. Total Retirement Plan Asset Growth Rate
In 2017, the total retirement plan asset growth rate of VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. is 23.41%.
VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2017, the estimated aggregate retirement account investment gain/loss for VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. is 18.69%. This measures the effectiveness of the plan participants' investments in the year.
VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. Expense Ratio
In 2017, the investment and administrative expense ratio of VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. is 0.23%.
Enrollment Features
VBA DEFINED CONTRIBUTION PLAN FOR BAY BANKS OF VIRGINIA, INC. 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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