VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST
Plan Contact
- Address: P. O. BOX 330,MIDLOTHIAN,VA
- Contact person: BOBBI WEIMER
- Phone: (804) 432-1439
Plan General Information
VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST is $13,944,845.00.This plan was established in 2000.
VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST is 235
VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST Average Participant Retirement Account Value
In 2022, the average participant retirement account value for VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST is $59,339.00
VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST is $8,794.00.
VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST is approximately $2,819.00
Investing in this additonal $2,819.00 for 20 years would give you extra $180,435.00, assuming a 10% annual return.
Investing in this additonal $2,819.00 for 20 years would give you extra $180,435.00, assuming a 10% annual return.
VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST Total Employer Contribution and Match Rate
In 2022, VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST allocates $662,537.00 to match its employees' contributions, providing an employer match rate of 64.12% of their contributions
VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST is -8.22%.
VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST is -14.78%. This measures the effectiveness of the plan participants' investments in the year.
VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST Expense Ratio
In 2022, the investment and administrative expense ratio of VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST is 0.65%.
Enrollment Features
VBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST 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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