BANK IOWA RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 1225 JORDAN CREEK PKWY 200,WEST DES MOINES,IA
- Contact person: KATE WOLFE
- Phone: (515) 226-2488
Plan General Information
BANK IOWA RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BANK IOWA RETIREMENT SAVINGS PLAN is $45,589,319.00.This plan was established in 1989.
BANK IOWA RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BANK IOWA RETIREMENT SAVINGS PLAN is 394
BANK IOWA RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BANK IOWA RETIREMENT SAVINGS PLAN is $115,708.00
BANK IOWA RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BANK IOWA RETIREMENT SAVINGS PLAN is $5,073.00.
BANK IOWA RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BANK IOWA RETIREMENT SAVINGS PLAN is approximately $2,698.00
Investing in this additonal $2,698.00 for 20 years would give you extra $172,683.00, assuming a 10% annual return.
Investing in this additonal $2,698.00 for 20 years would give you extra $172,683.00, assuming a 10% annual return.
BANK IOWA RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, BANK IOWA RETIREMENT SAVINGS PLAN allocates $1,063,082.00 to match its employees' contributions, providing an employer match rate of 53.18% of their contributions
BANK IOWA RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BANK IOWA RETIREMENT SAVINGS PLAN is 18.21%.
BANK IOWA RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BANK IOWA RETIREMENT SAVINGS PLAN is 15.31%. This measures the effectiveness of the plan participants' investments in the year.
BANK IOWA RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BANK IOWA RETIREMENT SAVINGS PLAN is 0.24%.
Enrollment Features
BANK IOWA RETIREMENT SAVINGS PLAN 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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