VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO.
Plan Contact
- Contact person: ROXANNE SHEPPARD
- Phone: (276) 935-8161
Plan General Information
VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. Total Retirement Plan Assets
At the end of 2004, the total retirement plan assets of VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. is $3,353,755.00.This plan was established in 1989.
VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. Total Number of Retirement Plan Participants
At the end of 2004, the total number of retirement plan participants in VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. is 145
VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. Average Participant Retirement Account Value
In 2004, the average participant retirement account value for VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. is $23,129.00
VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. Estimated Average Employee Contribution Amount
In 2004, the estimated average employee contribution amount per participant for VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. is $2,677.00.
VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. Estimated Average Employer Match
In 2004, the estimated average employer match for an employee in VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. is approximately $2,208.00
Investing in this additonal $2,208.00 for 20 years would give you extra $141,363.00, assuming a 10% annual return.
Investing in this additonal $2,208.00 for 20 years would give you extra $141,363.00, assuming a 10% annual return.
VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. Total Employer Contribution and Match Rate
In 2004, VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. allocates $320,277.00 to match its employees' contributions, providing an employer match rate of 165.02% of their contributions
VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. Total Retirement Plan Asset Growth Rate
In 2004, the total retirement plan asset growth rate of VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. is 22.29%.
VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. Estimated Aggregate Retirement Account Investment Gain/Loss
In 2004, the estimated aggregate retirement account investment gain/loss for VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. is 9.80%. This measures the effectiveness of the plan participants' investments in the year.
VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. Expense Ratio
In 2004, the investment and administrative expense ratio of VBA DEFINED CONTRIBUTION PLAN FOR MINERS & MERCHANTS BANK & TRUST CO. is 0.54%.
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