VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC.
Plan Contact
- Address: 10900 NUCKOLS ROAD, SUITE 325,GLEN ALLEN,VA
- Contact person: BOBBI WEIMER
- Phone: (807) 779-4810
Plan General Information
VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. Total Retirement Plan Assets
At the end of 2017, the total retirement plan assets of VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. is $18,979,529.00.This plan was established in 1999.
VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, 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 EASTERN VIRGINIA BANKSHARES, INC. is 404
VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. Average Participant Retirement Account Value
In 2017, the average participant retirement account value for VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. is $46,979.00
VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. Estimated Average Employee Contribution Amount
In 2017, the estimated average employee contribution amount per participant for VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. is $5,047.00.
VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. Estimated Average Employer Match
In 2017, the estimated average employer match for an employee in VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. is approximately $1,511.00
Investing in this additonal $1,511.00 for 20 years would give you extra $96,767.00, assuming a 10% annual return.
Investing in this additonal $1,511.00 for 20 years would give you extra $96,767.00, assuming a 10% annual return.
VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. Total Employer Contribution and Match Rate
In 2017, VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. allocates $610,845.00 to match its employees' contributions, providing an employer match rate of 59.91% of their contributions
VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. Total Retirement Plan Asset Growth Rate
In 2017, the total retirement plan asset growth rate of VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. is 2.40%.
VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2017, the estimated aggregate retirement account investment gain/loss for VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. is 17.88%. This measures the effectiveness of the plan participants' investments in the year.
VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. Expense Ratio
In 2017, the investment and administrative expense ratio of VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. is 0.18%.
Enrollment Features
VBA DEFINED CONTRIBUTION PLAN FOR EASTERN VIRGINIA BANKSHARES, INC. 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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