VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC
Plan Contact
- Contact person: BETTE J. ALBERT
- Phone: (276) 873-6289
Plan General Information
VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC Total Retirement Plan Assets
At the end of 2003, the total retirement plan assets of VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC is $2,239,209.00.This plan was established in 1998.
VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC Total Number of Retirement Plan Participants
At the end of 2003, the total number of retirement plan participants in VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC is 137
VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC Average Participant Retirement Account Value
In 2003, the average participant retirement account value for VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC is $16,344.00
VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC Estimated Average Employee Contribution Amount
In 2003, the estimated average employee contribution amount per participant for VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC is $2,600.00.
VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC Estimated Average Employer Match
In 2003, the estimated average employer match for an employee in VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC is approximately $2,806.00
Investing in this additonal $2,806.00 for 20 years would give you extra $179,601.00, assuming a 10% annual return.
Investing in this additonal $2,806.00 for 20 years would give you extra $179,601.00, assuming a 10% annual return.
VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC Total Employer Contribution and Match Rate
In 2003, VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC allocates $384,460.00 to match its employees' contributions, providing an employer match rate of 215.80% of their contributions
VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC Total Retirement Plan Asset Growth Rate
In 2003, the total retirement plan asset growth rate of VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC is 67.65%.
VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC Estimated Aggregate Retirement Account Investment Gain/Loss
In 2003, the estimated aggregate retirement account investment gain/loss for VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC is 22.49%. This measures the effectiveness of the plan participants' investments in the year.
VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC Expense Ratio
In 2003, the investment and administrative expense ratio of VBA DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK, INC is 0.00%.
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