CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN
Plan Contact
- Address: 315 SIXTH ST. PO BOX 232,CARROLLTON,IL
- Contact person: CHERYL M. BROCK
- Phone: (217) 942-9308
Plan General Information
CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN is $83,819,681.00.This plan was established in 1953.
CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN is 340
CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN is $246,528.00
CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN is $8,939.00.
CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN is approximately $11,705.00
Investing in this additonal $11,705.00 for 20 years would give you extra $749,126.00, assuming a 10% annual return.
Investing in this additonal $11,705.00 for 20 years would give you extra $749,126.00, assuming a 10% annual return.
CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN allocates $3,979,732.00 to match its employees' contributions, providing an employer match rate of 136.36% of their contributions
CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN is 14.03%.
CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN is 17.10%. This measures the effectiveness of the plan participants' investments in the year.
CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING PLAN is 0.28%.
Enrollment Features
CARROLLTON BANK EMPLOYEES 401(K) AND PROFIT SHARING 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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