BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN
Plan Contact
- Address: 9020 N. MAY AVE. SUITE 200,OKLAHOMA CITY,OK
- Contact person: BETH HUMPHRIES
- Phone: (800) 522-9220
Plan General Information
BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN is $11,340,665.00.This plan was established in 1994.
BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN is 109
BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN is $104,042.00
BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN is $9,507.00.
BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN is approximately $2,132.00
Investing in this additonal $2,132.00 for 20 years would give you extra $136,503.00, assuming a 10% annual return.
Investing in this additonal $2,132.00 for 20 years would give you extra $136,503.00, assuming a 10% annual return.
BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2020, BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN allocates $232,482.00 to match its employees' contributions, providing an employer match rate of 44.87% of their contributions
BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN is -14.95%.
BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN is 9.40%. This measures the effectiveness of the plan participants' investments in the year.
BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of BANKERS BANCORP OF OKLAHOMA, INC. 401(K) PLAN is 0.05%.
Enrollment Features
BANKERS BANCORP OF OKLAHOMA, INC. 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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