WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN
Plan Contact
- Address: 111 CLINTON STREET,WATERTOWN,NY
- Contact person: MARK LAVARNWAY
- Phone: (315) 788-7100
Plan General Information
WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN is $27,325,931.00.This plan was established in 2006.
WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN is 131
WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN is $208,594.00
WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN is $9,045.00.
WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN is approximately $6,589.00
Investing in this additonal $6,589.00 for 20 years would give you extra $421,698.00, assuming a 10% annual return.
Investing in this additonal $6,589.00 for 20 years would give you extra $421,698.00, assuming a 10% annual return.
WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN allocates $863,165.00 to match its employees' contributions, providing an employer match rate of 145.68% of their contributions
WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN is 21.15%.
WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN is 16.22%. This measures the effectiveness of the plan participants' investments in the year.
WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WATERTOWN SAVINGS BANK 401(K) RETIREMENT PLAN is 0.04%.
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