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CENTRAL BANCORP, INC. 401(K) PLAN

Plan Contact

  • Address: ONE SOUTH NEVADA AVENUE,,COLORADO SPRINGS,CO
  • Contact person: CLIFF RAAK
  • Phone: (719) 228-1089

Plan General Information

CENTRAL BANCORP, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of CENTRAL BANCORP, INC. 401(K) PLAN is $11,001,236.00.This plan was established in 1995.

CENTRAL BANCORP, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in CENTRAL BANCORP, INC. 401(K) PLAN is 171

CENTRAL BANCORP, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for CENTRAL BANCORP, INC. 401(K) PLAN is $64,334.00

CENTRAL BANCORP, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for CENTRAL BANCORP, INC. 401(K) PLAN is $6,783.00.

CENTRAL BANCORP, INC. 401(K) PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in CENTRAL BANCORP, INC. 401(K) PLAN is approximately $3,025.00
Investing in this additonal $3,025.00 for 20 years would give you extra $193,622.00, assuming a 10% annual return.

CENTRAL BANCORP, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2022, CENTRAL BANCORP, INC. 401(K) PLAN allocates $517,335.00 to match its employees' contributions, providing an employer match rate of 45.13% of their contributions

CENTRAL BANCORP, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of CENTRAL BANCORP, INC. 401(K) PLAN is -34.38%.

CENTRAL BANCORP, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for CENTRAL BANCORP, INC. 401(K) PLAN is -21.97%. This measures the effectiveness of the plan participants' investments in the year.

CENTRAL BANCORP, INC. 401(K) PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of CENTRAL BANCORP, INC. 401(K) PLAN is 0.55%.

Enrollment Features

CENTRAL BANCORP, 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.

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