WNB 401(K) PLAN
Plan Contact
- Address: 204 MAIN ST.,,WINONA,MN
- Contact person: CHRISTOPHER RAND
- Phone: (507) 454-4320
Plan General Information
WNB 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WNB 401(K) PLAN is $26,159,838.00.This plan was established in 1996.
WNB 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WNB 401(K) PLAN is 162
WNB 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WNB 401(K) PLAN is $161,480.00
WNB 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WNB 401(K) PLAN is $4,792.00.
WNB 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WNB 401(K) PLAN is approximately $3,065.00
Investing in this additonal $3,065.00 for 20 years would give you extra $196,165.00, assuming a 10% annual return.
Investing in this additonal $3,065.00 for 20 years would give you extra $196,165.00, assuming a 10% annual return.
WNB 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, WNB 401(K) PLAN allocates $496,543.00 to match its employees' contributions, providing an employer match rate of 67.06% of their contributions
WNB 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WNB 401(K) PLAN is 7.72%.
WNB 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WNB 401(K) PLAN is 17.05%. This measures the effectiveness of the plan participants' investments in the year.
WNB 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of WNB 401(K) PLAN is 0.34%.
Enrollment Features
WNB 401(K) PLAN 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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